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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (9187)3/25/2008 10:46:03 AM
From: Hawkmoon  Respond to of 33421
 
100% agreed!

And to elaborate on this point, anyone find it odd that both of the major rating agencies are the one's we're looking to for evaluating the very same products they assigned excessive ratings to in the first place?

Can we go so far as to suggest that monopolization of credit ratings for financial products has disrupted credible pricing mechanisms and price discovery?

Hawk