Rating Agencies Fail


Glad to see that the Rating Agencies are (yet again) in the headlines for all the “right” reasons…of course this is only my “opinion”!

Politics has still not realized the mistake that was made: Adopting that mindset. For the trader in his hyper-competitive market, his psychopathic behaviour makes perfect sense. For a society, it is pure cancer. As one German entertainer put it nicely:

I’d like to know if she [german chancellor Merkel] has a market-compliant democracy in mind. And if so, I’d like to know if she’s also thought about a democracy-compliant market.

via Rating Agencies Fail | Free Everything.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s