So the big three bond rating companies no longer want their ratings used in bond sales...

[peacebird]

Really? So their ratings are - what - pure market BS?!?!? And now that they are actually to be accountable for their rating, NOW suddenly they do not want their ratings on the bonds for sale?

What does that make you think about them and their ratings.. hmmm? That the ratings were pure BS smoke and mirrors intended to defraud idiot investors perhaps?

IF they believed their ratings were actually based in solid fact would they be backing off this way?

They are SCAM artists finally told they had to STAND BEHIND THEIR RATINGS AND BE HELD ACCOUNTABLE.
so they ran away.

[rucky]

1. Since 2007, I've had a special place in my heart...

for hating the fucking ratings agencies.

[gratuitous]

2. Interesting to see what scatters when the light comes on, isn't it?

I wonder why responsibility and accountability suddenly turn these captains of industry, these masters of the universe, into mewling little kitties, looking for mamma's titty?

[peacebird]

3. maybe because responsibility and accountability are for peon workers, and Captains of industry are

ABOVE all that stuff...?

[dkf]

4. Didn't they already sell the rating to the co?