Economy

willing dwarf

(1,089 posts)

17. Moody's, an honest broker? Go on!

Fri Jun 22, 2012, 05:44 AM

Jun 2012

It kills me to see how these rating agencies can wield so much power. When I think how they were all in bed with each other before the derivatives episode, and surely still are, then one needs to wonder what they are puffing up or bringing low and to what end. Is Moody's in anyway impartial or reliable? The heft of their opinions and downgrades is too much. You'd think there would be a set of measures available to all which would determine the rating of banks, currencies, corporations. But its all so cloak and dagger, "man behind the curtain". And by this, lives are ruined, economies rise and fall.

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