Comments on: Impasse over model haunts raters again http://blogs.reuters.com/summits/2010/04/27/impasse-over-model-haunts-raters-again/ Exclusive outtakes from industry leaders Wed, 16 Nov 2016 08:14:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: hsvkitty http://blogs.reuters.com/summits/2010/04/27/impasse-over-model-haunts-raters-again/comment-page-1/#comment-1486 Thu, 29 Apr 2010 02:06:30 +0000 http://blogs.reuters.com/summits/?p=4642#comment-1486 boffins/eggheads/pumpkinheads/thebigchee ses! You made me go look it up. Gotta love that slang.

The rating agencies have a job to do and they aren’t doing it. Once again Goldman was able to coerce Moody’s to squeeze out an AAA rating because the bankers know what has to be in a prospectus before hand.

So there is much ado at cherry picking, especially when stacking the barrel to be loaded with the rottenest of apples under risky cherries for Abacus. How is that possible? Where is due diligence when this can happen? (over and over again)

The money has the power and that’s what has to stop. Wallstreet has to be reigned in and good solid regulation has to do it or it will come crashing down. Are bankers betting long or short on that?

Yes I know bankers will resist as they don’t like to be held back and feeling restricted … as they are now adrenaline junkies from making risky stupid loans and deals with other people’s money.

]]>
By: Ghandiolfini http://blogs.reuters.com/summits/2010/04/27/impasse-over-model-haunts-raters-again/comment-page-1/#comment-1482 Wed, 28 Apr 2010 18:43:52 +0000 http://blogs.reuters.com/summits/?p=4642#comment-1482 Greg and George Tanzer.

Rating agencies should be put on the red carpet for antitrust practices and not played off against each other. Who owns these guys ?

Yes, push MCR’s up to 20%.

The rating system is antiquated.

]]>