Tuesday, July 15, 2008

The Ratings Agencies

Classification: UNCLASSIFIED

Voltron says: A fellow blogger (Mr. Liu) described the role of the
ratings agencies (Moody's, S&P and Fitch) along these lines: It's like
they watched an NC-17 orgy and rated it PG-13. All the teenagers loved
it and wanted to join the action. You can imagine the rude surprises
that awaited them.

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