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That did not go unnoticed.
LOL Biff Jr.
You sir, are a hideous hermaphroditical character which has neither the force and firmness of a man, nor the gentleness and sensibility of a woman.
Originally Posted by Razor Ramon
the original and best
yay rating agencies
i say these clowns are the real villainsIn a hearing today before the House Oversight Committee, the credit rating agencies are being portrayed as profit-hungry institutions that would give any deal their blessing for the right price.
Case in point: this instant message exchange between two unidentified Standard & Poor's officials about a mortgage-backed security deal on 4/5/2007:
Official #1: Btw (by the way) that deal is ridiculous.
Official #2: I know right...model def (definitely) does not capture half the risk.
Official #1: We should not be rating it.
Official #2: We rate every deal. It could be structured by cows and we would rate it.
A former executive of Moody's says conflicts of interest got in the way of rating agencies properly valuing mortgage backed securities.
Former Managing Director Jerome Fons, who worked at Moody's until August of 2007, says Moody's was focused on "maxmizing revenues," leading it to make the firm more "issuer friendly."
Dow sinks another 514!
"Question the world man... I know the meaning of everything right now... it's like I can touch god." - bbobb the ggreatt
Less bears and more blondes, please.
Destin < Razor in MvC3
You sound like Colbert. Secret fan?
Check out Mr. Businessman
He bought some wild, wild life
On the way to the stock exchange
He got some wild, wild life
Nope.
Ha ha
I love the smell of forced liquidations in the morning. Smells like victory.
the original and best
iai has become my least favorite three letters in the alphabet
No handle, no identity.
Dow spiked down this morning to a low of 8190. Looks like my prediction of hitting the ~7000s might come true by november.
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