Credit Rating Agencies

post #1 of 5

5/20/11 at 5:31pm

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Hello everyone,

For my Master, I'm currently doing a very short financial study about Credit Rating Agencies and Investments. I really appreaciate to have your investors' point of view.

Here is the link:

https://spreadsheets.google.com/spreadsheet/viewform?formkey=dDJIbm16LU5KWktCeUQtS0w5VTJRUEE6MQ

Thanks for all,

David.

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post #2 of 5

5/20/11 at 5:36pm

Gil Oren
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My point of view is that they are worthless pieces of sh!t.

And that is putting it lightly.

There was a time where people put their trust into what a credit agency had to say, but then the credit crisis came along and we got a nice glimpse into how things really work.

Goldman Sachs take a pile of garbage CDO's, mixes them with a few good ones, hands it over to Moodys who stamp it AAA, everybody makes money, everybody is happy...

$700B and a financial crisis later, all Moodys got was a slap on the wrist and they promised to be nice.

Lucky for Moodys, investors have a short memory and all this will be long forgotten very soon.

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post #3 of 5

5/20/11 at 9:17pm