Wednesday, October 22, 2008

Aye-Aye-Aye Calm down

Credit-Rating Companies `Sold Soul,' Employees Said

Same buggers that had Iceland's debts rated at AAA the week before they went into melt down... So what do they rate US debt at now? AAA? now is that an honest AAA or a fook me we are knackered type AAA! Be honest now Honestly.... I can't judge you... but St Peter will!

Posted by yoss @ 09:00 PM (564 views)
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One thought on “Aye-Aye-Aye Calm down

  • One of the true sources of the problems we have experienced was the fact that authority was given to a few to pronounce on credit ratings.

    Anybody walking around talking about the lack of a free market in the rating of the creditworthiness of people is demonstrating a true understanding of what occurred.

    Such people should be listened to.

    There are a whole host of other theories put forward about what the problem was. These people are as clueless now as they were when they hadn’t even heard of half of the markets, instruments and terminology which they bandy around like experts today. These arguments and sources of problems are wrong.

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