peterxdunn profile image 60

Why do people 'rate' the ratings agencies?


Some institutions are now having their credit rating downgraded by Standard & Poor's because they invested too much capital in securities recommended: ie were given a triple A rating, by - believe it or not - Standard & Poor's. Their capital got wiped out and S & P are now sticking the boot in. Somebody should prosecute this guys. Do'nt you think?

 

sort by best latest

profile image0

erikjohnson says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

5 years ago
 |  Comment