News Sources wrote an interesting post today on
Here’s a quick excerpt
We’ve note during the well-warranted furor over the dreadful performance of rating agencies in assigning credit grades to structured credits, a business that was handsomely profitable to them, that it was difficult to limit their impact. Ratings are enshrined in all sorts of regulations, from the Fed’s haircuts on its discount window to its alphabet soup of facilities, to Basel II rules on bank capital, to pension fund standards through insurance industry regulations. Ironically, insurers, whi
Share and Enjoy:
Read the rest of this great post here
Entries (RSS)