Skarach's world

Rating agencies

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I agree with every word of this. I am no expert, but it mystifies me that governments allow themselves – and more to the point, their people – to be bullied and damaged by these outfits. The key quote for me is

“The three credit rating agencies were key enablers of the financial meltdown.” 1

So why listen to them now?

1 http://fcic.law.stanford.edu/

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