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


To: John Pitera who wrote (9644)7/11/2008 12:11:39 PM
From: Hawkmoon  Respond to of 33421
 
There should be billions of dollars of litigation that will work its way through the courts over the coming 5 to 10 years.

Concur. But what does this mean for the credibility of credit rating agencies from here on out when reputation is EVERYTHING in their business.

It can call all of their ratings into question and add tremendous costs to lending operations.

Hawk