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View Diary: Why No One’s Occupying Factories (139 comments)

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  •  asdf (0+ / 0-)
    Considering that lots of people lost lots of money, you're going to see demand for quality rating to increase, meaning the ibanks will pay more for quality rating, meaning there is more money to recruit people who are actually talented and figuring this stuff out. That's the way the market works.

    You're missing the point.  Wall street wants favorable analysis.  The very last thing they would ever want is accurate analysis.

    The ratings agencies serve the people who pay their bills.  They will never be honest if Wall Street pays them to be dishonest, and Wall Street obviously has no incentive to deal honestly.

    Passengers: Feel free to rearrange the deck chairs, but please remember that the bridge is off limits.

    by happymisanthropy on Tue Nov 08, 2011 at 03:39:46 PM PST

    [ Parent ]

    •  And this statement demonstrates why people (0+ / 0-)

      here are utterly ill-equipped to regulate Wall Street.

      Wall Street isn't and doesn't want to be a casino. Contrary to your beliefs, Wall Street does want to play honest. They do want accuracy in reporting.

      The obvious answers are wrong. That's why we aren't doing them already.

      by atheistben on Wed Nov 09, 2011 at 08:53:56 AM PST

      [ Parent ]

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