http://washingtonindependent.com/14428/the-barnyard-ethics-of-rating-agencies National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://washingtonindependent.com/14428/the-barnyard-ethics-of-rating-agencies/comment-page-1#comment-37089 szathmarty Fri, 24 Oct 2008 03:10:16 +0000 http://washingtonindependent.com/?p=14428#comment-37089 What about the Investment Banks that structured this crap and made far and away the most money from these deals. The ones that had to satisfy the need for every client to get just a little more alpha. Where is there hearing? Why aren't they being ripped apart by congress. Why, because they fucking own Congress? They have the most powerful lobby and will never be held to account. And they have a convenient scape goat in the rating agencies, who do not have a powerful lobby and are just a bunch of academically minded individuals who "like nobody else" did not see defaults in subprime mortgages would go beyond 13 or 14%. What about the Investment Banks that structured this crap and made far and away the most money from these deals. The ones that had to satisfy the need for every client to get just a little more alpha. Where is there hearing? Why aren't they being ripped apart by congress. Why, because they fucking own Congress? They have the most powerful lobby and will never be held to account. And they have a convenient scape goat in the rating agencies, who do not have a powerful lobby and are just a bunch of academically minded individuals who “like nobody else” did not see defaults in subprime mortgages would go beyond 13 or 14%.

]]> http://washingtonindependent.com/14428/the-barnyard-ethics-of-rating-agencies/comment-page-1#comment-9859 szathmarty Thu, 23 Oct 2008 20:10:16 +0000 http://washingtonindependent.com/?p=14428#comment-9859 What about the Investment Banks that structured this crap and made far and away the most money from these deals. The ones that had to satisfy the need for every client to get just a little more alpha. Where is there hearing? Why aren't they being ripped apart by congress. Why, because they fucking own Congress? They have the most powerful lobby and will never be held to account. And they have a convenient scape goat in the rating agencies, who do not have a powerful lobby and are just a bunch of academically minded individuals who "like nobody else" did not see defaults in subprime mortgages would go beyond 13 or 14%. What about the Investment Banks that structured this crap and made far and away the most money from these deals. The ones that had to satisfy the need for every client to get just a little more alpha. Where is there hearing? Why aren't they being ripped apart by congress. Why, because they fucking own Congress? They have the most powerful lobby and will never be held to account. And they have a convenient scape goat in the rating agencies, who do not have a powerful lobby and are just a bunch of academically minded individuals who “like nobody else” did not see defaults in subprime mortgages would go beyond 13 or 14%.

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