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: Structured Settlements 4RealRating Agencies Under Fire Again. This Time Over Sovereign Debt
By John Darer
" Even today, it as if nothing happened between '07 and '09" Joey McBrennan of Taipan Publishing on May 7, 2010, ?Too many people are relying on the rating agencies to determine the quality of their municipal bond holdings. What you?ll find, for those who don?t want to do the work, is that the rating agencies tend to downgrade a bond AFTER most people making the effort already know the bond is in trouble."
On May 5, 2010 Bill Gross of PIMCO aimed his turrets on the rating agencies over their failure to assess risk on sovereign debt on MSNBC.
Full post as published by Structured Settlements 4Real on May 07, 2010 (boomark / email).
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