2010-06-04 — theepochtimes.com
"Credit rating agencies are supposed to be experts in evaluating the creditworthiness of companies and government, and the risks of investments in sophisticated financial products like derivatives. In the recent financial crisis they failed to correctly assess the risks of investing in subprime housing loans and the various forms of complicated financial products—derivatives, leading to the worse global financial crisis since the 1930 Depression."
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catherine at 00:41 2010-06-05 said:
the horse has not only left the barn but had 12 babies since she LEFT the barn----- but hey better late than never....i .........g..u...e...s...s...... PermalinkAnonymous at 03:11 2010-06-05 said:
Pervasive clever deceit is the order of business, and the public be damned! "The Financial System has been turned over to the Federal Reserve Board. That board administers the Finance System by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other peoples labor and money." Minnesota Senator Charles A. Lindberg Sr. 1923 Permalinkadd a comment | go to forum thread
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