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


By tovarichpeter   Follow   Mon, 25 Jun 2012, 7:01pm   551 views   4 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


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    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. Dan8267


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    2   8:01pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike  

  3. TMAC54


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    3   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 !

  4. TMAC54


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    San Leandro, CA

    4   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 ?

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