Call for financial industry whistleblowers
I'd like to open the floor for those who have dealt with institutional investors - either side of the business.
I'd like to start it off that the dirty little secret (cough cough) is that the ratings agencies has dodged bullet after bullet, though fiduciary calumny that should have made people shit wigs.
The great credit rating scandal Money Week Feb 06, 2008 is a start.
This is an abbreviated diary, I apologize, but I've been calling out these vampires out for years here, I know for a fact that those above my paygrade have always mocked ratings, but compelled to utilize ratings for their recommendations.
These institutions are conceptually vital. However, they've been corrupted by profits.
Feel free to edit tags as you see fit. I'm too pissed off.