loudwalker
New member
...agencies get a free pass? Every one is irate at either the banks or the consumers and I have heard very little about the role of Moody's or Standard and Poor's. These guys put lipstick on a pig, bundled the pigs into a madeover pig pool, reapplied lipstick to that pig pool and then sold the overly cosmetic result as a AAA rated security.
Why are they not in these conversations?
Why do they get a free pass?
Is what they did criminal?
Have they had any negative consequences at all?
I am mostly talking about the bundling of mortgages and credit default swaps and how that securitization led to the whole deal.
Why are they not in these conversations?
Why do they get a free pass?
Is what they did criminal?
Have they had any negative consequences at all?
I am mostly talking about the bundling of mortgages and credit default swaps and how that securitization led to the whole deal.