Warren Buffett on Credit Rating Agencies
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Rating agencies are as corrupt as the companies they rate because their customers are the companies they rate. It´s like being taken to court whilst paying the judges sallary.
Euronline 1 year ago 2
The bubble mentality was incorporated into models used by the rating agencies? This is either baloney, or shows that the rating agencies are incompetent. A rating agency does not begin an analysis with any "givens". They are supposed to be able to dig through the balance sheets, and tell the investor what's real and what's wishful thinking.
bammbamm12 1 year ago