Rating Agencies Fail
Wednesday, 2 November, 2011 Leave a comment
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.