No. of Recommendations: 0
The rating companies serve a legitimate need for investos who don't have the abilility to rate independently. For employees of more sophisticated investors they function as a "cover your a** " vehicle, a way to spread the blame if the security turns sour.
From what I've heard, all the rating agencies seem to have been overly generous in their ratings, so it's hard to imagine the government will put them all out of business. And there's plenty of others to blame- excessive greed and fraud was wide spread among loan applicants as well as many associated with the lenders.
Print the post  



The 2009 BMW Method Conference has been cancelled, due to minimum attendance numbers not being met. We hope to continue the annual BMW Method Conference tradition next fall.

Learn about the first four conferences on the BMW Method Website.

The BMW Method FAQ

BMW Method Website
Annual Conference Videos and Other Resources & Services
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.