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The differences between 1929 and Today

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11-29-2007, 12:12 PM

adios

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Re: The differences between 1929 and Today

[ QUOTE ]
Yes. Conceptually, I have always had a problem with the financial ratings system. Basically, the ratings system exists to encourage people to buy financial instruments. Naturally, they are only going to say things that will make those instruments look attractive. It's kind of an incentive to fudge things. Shades of Enron.

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