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View Diary: Market Humiliates S&P — Rejects Downgrade (266 comments)

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  •  Moody's and S&P have been selling ratings. (0+ / 0-)

    Internal docs have shown that, from the MBS rating period.

    Fitch is the only one of "the three" left with a decent reputation.  That's not coincidental.  Fitch doesn't follow the "we'll rate ANYTHING!  Just give us money!" philosophy of S&P and Moodys.

    Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

    by neroden on Mon Aug 08, 2011 at 07:55:21 PM PDT

    [ Parent ]

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