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What Do Rating Agencies Think About “Too-Big-To-Fail” Since Dodd-Frank?

TedTed
in Off-Topic
FYI: Did the Dodd-Frank Act end ‘‘too-big-to-fail’’ (TBTF)? In this series of two posts, we look at this question through the lens of rating agencies and financial markets. Today we begin by discussing rating agencies’ views on this topic.
Regards,
Ted
http://www.ritholtz.com/blog/2015/07/what-do-rating-agencies-think-about-too-big-to-fail-since-dodd-frank/print/

Comments

  • heezsafe
    Strange alignment with this. The post is guest authored by Gara Afonso and João Santos, purported to be of Liberty Street Economics (I don't know what this is: is it a publication, a think tank, an independent consultancy?. At post's end, we see they work as a research officer and as a vice president, in the Federal Reserve Bank of New York’s Research and Statistics Group.

    But I think commenter Mark P's note to this post pretty much says it all:
    All available evidence is that the bond ratings companies were dishonest and collusive with the megabanks. Their ratings proved vastly incorrect over a vast range of securities and risks, and over a long period of time. It is possible that they were incompetent. It is possible that they were completely corrupt. It is not possible for me to take their opinions seriously.
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