Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Hawkmoon who wrote (113186)	7/19/2010 2:47:01 PM
From: The Vet	1 Recommendation Read Replies (1) of 116555

Ratings Agency aren't of much value when they are being paid by people they are rating. Nor are they of much value when they derive from a financial system that remain opaque and equally given to creative accounting. Are you talking about the Chinese rating agency, or the US based ratings agencies? As far as I can determine your comments apply equally to both! On that basis no rating agency, where ever located would have any real value, and history seems to back that up..

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