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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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heezsafe
in Off-Topic
The more things don't change, the more they stay the same...........whuh? that isn't how the saying goes?

http://www.publicintegrity.org/2014/06/18/14936/credit-rating-industry-dodges-reforms-despite-role-financial-meltdown

"Today, credit ratings for mortgage bonds and other complex debt securities are issued exactly as they were before the crisis. Bond issuers ask several raters their opinions and then choose which they want to rate the deal."
"Since the [Dodd-Frank] law was passed four years ago, not one company has issued an unsolicited rating."

Comments

  • rjb112
    ..."the conflicts of interest that arise when credit ratings are paid for by the companies issuing the securities."

    Say it ain't so.......
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