Relevant:
2007-06-26 — nakedcapitalism.com
that the ratings methodologies used by the agencies, which were developed for corporate issuers, have imbedded assumptions about the distribution of outcomes that are inappropriate for mortgage securities. As a result, the system is hard wired to produce late downgrades."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
