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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Augustus Gloop who wrote (9182)3/25/2008 1:50:04 AM
From: Hawkmoon  Read Replies (2) of 33421
 
I don't have the answers to fix it but I'm not up for a depression.

I think you just summed up the position of any number of global central banks.

But again.. I say that the system will seriously need to review the manner in which the leading rating agencies arbitrarily assign credit worthiness and risk.

Because without those exaggerated ratings, the real-estate bubble would have been more difficult to inflate.

Hawk
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