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Moody’s Notices That Banks Are Risky, Four Years Too Late

By tovarichpeter   Follow   Mon, 25 Jun 2012, 7:01pm   546 views   6 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.bloomberg.com/news/2012-06-22/moody-s-notices-that-banks-are-risky-four-years-too-late.html

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1. Dan8267 Follow Befriend (16) 769 threads 7,714 comments Boca Raton, FL Premium

   1   7:39pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike   Second, and more important, ratings are by their nature backward-looking. They fall only after the problems of a borrower are obvious and demonstrable. So they should catch markets by surprise only if investors haven’t been doing their homework. Which is exactly why ratings are worthless.

2. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   2   7:50pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike   Moody is a joke.

3. Dan8267 Follow Befriend (16) 769 threads 7,714 comments Boca Raton, FL Premium

   3   8:01pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike

4. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   4   8:34pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike   Who pays the rating agencies ? While getting my feet wet day trading, a month or so prior to the prick, I used MANY different rating agencies. EVERY SINGLE FUCKING ONE OF THEM WAS BULLISH ALL THE WAY DOWN !

5. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   5   8:45pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike   Dan8267 says That's not big enough. :)

6. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   6   7:00am Tue 26 Jun 2012   Share   Quote   Permalink   Like   Dislike   E-man says That's not big enough. :) It's a MAGIC wand Dan ! Have'nt you ever heard of a BALLOON payment ?