Use access key #2 to skip to page content.

Hooray - Ratings Services Lose Free-Speech Bid to Dismiss Investor Suit

Recs

14

September 03, 2009 – Comments (2) | RELATED TICKERS: MCO

Horray for this:

Ratings Services Lose Free-Speech Bid to Dismiss Investor Suit

I hope that the ratings agency oligopoly gets absoltely destroyed.  Who knows if Moodys & S&P will lose this lawsuit, but at least it will be allowed to proceed.  These guys played a large part in creating the mess that we're in today and profited handsomely along the way...yet they were never held accountable for their actions.  That needs to change.

Deej

2 Comments – Post Your Own

#1) On September 03, 2009 at 8:31 AM, alstry (35.03) wrote:

Say, who was right about auto sales for the year?  My prediction of 9.5 to 10 million units or yours, Alsty? 

Through July sales = 5,806,662 units or around 829,500/month.

829,500 x 12 months = 9.95 million.

Pretty good guess if you ask me.  I called the bottom perfectly.  Blah, blah, blah all you want about cash for clunkers.  It was a known possibility when we had this discussion.

There's a huge difference between a weak economy with slow to no growth and a silly doom and gloom prediction that something HORRIBLE is going to happen over the next month.  I can't wait until nothing happens.  I wonder what your excuse will be?

Deej

What are your predictions about September, October, and November...now that practically every city, county, and state are laying off large numbers of workers and cutting massive amounts of wages?

Report this comment
#2) On September 03, 2009 at 8:31 AM, alstry (35.03) wrote:

Say, who was right about auto sales for the year?  My prediction of 9.5 to 10 million units or yours, Alsty? 

Through July sales = 5,806,662 units or around 829,500/month.

829,500 x 12 months = 9.95 million.

Pretty good guess if you ask me.  I called the bottom perfectly.  Blah, blah, blah all you want about cash for clunkers.  It was a known possibility when we had this discussion.

There's a huge difference between a weak economy with slow to no growth and a silly doom and gloom prediction that something HORRIBLE is going to happen over the next month.  I can't wait until nothing happens.  I wonder what your excuse will be?

Deej

What are your predictions about September, October, and November...now that practically every city, county, and state are laying off large numbers of workers and cutting massive amounts of wages?

Report this comment

Featured Broker Partners


Advertisement