Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Credit Rating Agencies - One of the Primary Suspects
Old 11-22-2008, 01:45 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,075
Credit Rating Agencies - One of the Primary Suspects

Some of you are probably aware of this. I wanted to post it so you could see one of the key "Checks" that failed in the "Checks and Balances" of our financial system. The other failure was the regulators.

They took the money and ran.

IMO - All of top management of these firms should be investigated and prosecuted if malfeasance is found... turn over every rock. And at the very least sued personally for negligence and/or wrong doing. Beware... this is going to P!$$ you off.

Credit and Credibility . NOW on PBS

A little more information about the congressional investigation.

chinaco is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-22-2008, 07:34 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
Join Date: Sep 2005
Posts: 5,383
The list of folks who bear responsibility for this mess is pretty extensive. But if you had to select the smallest group of people who bear the greatest amount of responsibility for the sub-prime debacle it would have to be the guys and gals at the rating agencies (with the possible exception of the Federal Reserve board). Had the rating agencies gotten this right, the problem never would have happened. Maybe 80 or 100 people in all at Moody's, S&P, and Fitch . . . .they could have stopped it.
Gone4Good is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Rating banks, credit unions, cd's, etc.: how to find yours out Orchidflower FIRE and Money 1 09-30-2008 06:30 AM
Frightening - Federal Agencies Are Saying Their Rules Pre-Empt Injury Lawsuits chinaco Other topics 4 03-31-2008 03:27 AM
LOC and credit rating question JohnDoe FIRE and Money 0 03-05-2007 06:39 AM
How will this scenario effect my credit rating? Cheapo Marx FIRE and Money 18 02-10-2006 11:31 AM


All times are GMT -6. The time now is 09:55 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.