T
triviadude318
Guest
of the financial? crisis will any credit rating agencies like Moodys go bust? I mean they were essentially enablers of all this by giving good credit ratings to financial instruments that didn't deserve them?
Will anybody get prosecuted or will Moodys go bankrupt because of lawsuits from people who got burned trusting their ratings?
Another thing that puzzles me, was that people bought bonds that were rated AAA but bought them because they offered a higher rate of return than other investments? Shouldn't this have been a huge warning sign that was something wrong with the rating? A higher rate of return usually signals higher risk. If it sounds too good to be true....
Will anybody get prosecuted or will Moodys go bankrupt because of lawsuits from people who got burned trusting their ratings?
Another thing that puzzles me, was that people bought bonds that were rated AAA but bought them because they offered a higher rate of return than other investments? Shouldn't this have been a huge warning sign that was something wrong with the rating? A higher rate of return usually signals higher risk. If it sounds too good to be true....