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Rabid Rating Agencies

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September 27, 2010 – Comments (2)

Tell it like it is Barry...

BP has comments on evidence showing the degree of  gross and willful malfeasance of Moody’s S&P’s and Fitch.

I think the rabid dog analogy for the rating agencies works well.

2 Comments – Post Your Own

#1) On September 27, 2010 at 10:58 AM, russiangambit (29.27) wrote:

Yet nobody was put on trial for fraud and this agencies are still functioning. Andersen was compeltely destriyed just for the Enron fraud. But when it comes to financial institutions which defrauded a whole country no action is taken.

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#2) On September 27, 2010 at 11:01 AM, outoffocus (23.08) wrote:

I don't think the rating agencies will really be called on the carpet until the US's AAA rating is finally called on the carpet, e.g. the US defaults on the bonds.

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