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To: Hawkmoon who wrote (113186)7/19/2010 2:47:01 PM
From: The Vet1 Recommendation  Read Replies (1) | Respond to 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..



To: Hawkmoon who wrote (113186)7/19/2010 2:52:05 PM
From: Haim R. Branisteanu  Respond to of 116555
 
Hawk, the main point is that there is a rating agency there (in this case in China) that rates US Federal debt as AA and not like the shills in the US