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

To: John Pitera who wrote (9505)5/29/2008 12:07:20 AM
From: Hawkmoon  Respond to of 33421
 
The International Organization of Securities Commissions, the forum for more than 100 regulators, said ratings firms will be banned from recommending how products are structured to help prevent conflicts of interest, and called for independent reviews of the way rankings are assigned.

About friggin' time the rating agencies received their share of the blame for the subprime mess..

Those CDO's would not have been sold in the manner they were without the "blessing" of the rating agencies.

Still surprised Moodys isn't facing serious lawsuits.

Hawk



To: John Pitera who wrote (9505)5/29/2008 5:43:09 AM
From: stomper  Respond to of 33421
 
<<to help prevent conflicts of interest>>

This is kind of humorous, considering the entire rating scheme is based on Conflict of Interest. How do these governing and oversight bodies not see these things before they happen..come ON.


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