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by hamster
December 24th, 2008, 12:07 pm
Forum: General Forum
Topic: Rating Agencies - What's the point?
Replies: 4
Views: 45396

Rating Agencies - What's the point?

<t>QuoteOriginally posted by: whamI disovered recently that these agencies have paid by issuers since the 70s! They are in the business of rating the creditworthiness of companies but they are paid by those same companies?? Utterly insane!A man (= rating agency) is carrying a timber (= ratings for a...
by hamster
December 24th, 2008, 9:53 am
Forum: General Forum
Topic: hedge fund ponzi scheme
Replies: 75
Views: 51596

hedge fund ponzi scheme

lesson learned (again): good reputation is not a substitute for classic due dilligence.
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