Showing posts with label quis-custodiet-ipsos-custodes moodys bob-diamond. Show all posts
Showing posts with label quis-custodiet-ipsos-custodes moodys bob-diamond. Show all posts

Friday, 2 September 2011

Superb investment opportunity!

Standard and Poors stripped the US economy of its top sovereign rating earlier this month. But it has just given a triple A rating to a new issue of bonds tied to the sub-prime mortgage market - the kind of financial instrument that screwed the US economy in the first place.

So who exactly does rate the ratings agencies?