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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (28641)	10/21/2007 1:02:18 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78740

Re: "I would not want to own any of the rating agencies, I think they will be sued to the moon over these flawed rating" Yes, maybe they will be so sued. It's not relevant to their stocks though (imo). They agencies will argue - imo successfully - that they gave good faith estimates; they have had nothing to gain by intentionally issuing wrong calls; they are raters which means they offer opinions; they are not people who are promisors or guarantors; and they made reasonable conclusions with the info they had at the time to make the opinions they made. As long as Mr. Buffett seems to be holding MCO, I'll continue holding my few shares.