Thursday, April 22, 2010

A simple financial reform

If an investment instrument has never been through a down-cycle, rating agencies should be forbidden from giving the instrument a grade of BBB (or in Moody's case, Baa) or higher. Instruments that lack history are, by definition, speculative.

3 comments:

hamid said...
This comment has been removed by the author.
Unknown said...

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Unknown said...

A woman, especially, if she have kithg86 the misfortune of knowing anything,
should conceal it as well as she can.
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