http://www.footnoted.com/market-meltdown/rating-agencies-on-the-griddle/ Morningstar's guide to what's hiding in SEC filings Tue, 07 Feb 2012 21:51:20 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.footnoted.com/market-meltdown/rating-agencies-on-the-griddle/comment-page-1/#comment-6599 mohammed ali jawaid Thu, 23 Oct 2008 08:09:17 +0000 http://www.footnoted.com/?p=2866#comment-6599 I am not surprised as I always had the feeling that something is not right with the rating criterea these companies follow. Their establishment may have a requirement of the market but people's reliance on them world over did give them of a repute of infallibility. What does suprise me though is the way ratings have been structred to suit friends that influenced this meltdown. An element of corruption e.g a deliberate attempt to please friends in the mortgage business or else? According to Bloomberg News, Moody's profits rang up profits three to four times those of Exxon Mobil Corp. What should one make of of this? It certainly remains to be seen who the actual actors, both apparent and not so visible, are!! and what punitive actions are taken againt those found guitly. I am not surprised as I always had the feeling that something is not right with the rating criterea these companies follow. Their establishment may have a requirement of the market but people’s reliance on them world over did give them of a repute of infallibility. What does suprise me though is the way ratings have been structred to suit friends that influenced this meltdown. An element of corruption e.g a deliberate attempt to please friends in the mortgage business or else? According to Bloomberg News, Moody’s profits rang up profits three to four times those of Exxon Mobil Corp. What should one make of of this? It certainly remains to be seen who the actual actors, both apparent and not so visible, are!! and what punitive actions are taken againt those found guitly.

]]> http://www.footnoted.com/market-meltdown/rating-agencies-on-the-griddle/comment-page-1/#comment-6591 Thomas Wed, 22 Oct 2008 23:04:49 +0000 http://www.footnoted.com/?p=2866#comment-6591 Finally, the charade is being exposed. Remains to be seen if anything will actually be done about this however. Remains to be seen if we actually want our government to get involved in doing something about it. Finally, the charade is being exposed. Remains to be seen if anything will actually be done about this however. Remains to be seen if we actually want our government to get involved in doing something about it.

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