Dispatch: EU Oversight of U.S. Credit Rating Agencies

[badsign1980]

dont worry usa is over dollar is over, rat5ing agencies are corrupt and a joke they lower or increase rating to attract investments so that their partners in crime can buy cheap or simply robb peoples savings, i thinik all ratings should be european usa is rotten to the core

[sramtotamto]

why would anybody say that Vienna is financial centre of any region, as far as central Europe is concerned Warsaw Stock Exchange is financial hub, especially by IPO.

[islandcaptain]

I don't know where to begin on this one... European governments don't want investors to be afraid of all that government debt, so they want less objective rating agencies. That's supposed to reassure investors? Typical authoritarian thinking... the state doesn't like the unfavorable appraisal of its performance, so it wants to replace the people doing the appraising.

[IACTHU]

@islandcaptain And the fabled investors are supposed to be neutral? Less objective?!? Is that a joke? These dubious entities,the rating agencies,have been manipulating the global economy in order to maximize profit and serve the geopolitical needs of the US..It is only reasonable that other parties would like to counterbalance their influence while any semblance of justice would have them abolished altogether..

[islandcaptain]

@IACTHU The danger I was pointing out is that the euro zone governments would be inclined to give their members a higher credit rating, thereby misleading investors into thinking the default risk is lower. That encourages more investment dollars, and if the government ends up defaulting, then more money would be lost than otherwise would have been--potentially causing yet another financial crisis.

[kessmypersainass]

please talk about turkey braking the blockaid