“The emperor is naked, but he’s been so for years,” said Patty Edwards of Trutina Financial. “I’m struck by the irony that it is the tailor who sold the emperor the non-existent suit who is now pointing fingers.”
皇帝是裸体的，但是卖给皇帝“衣服”的裁缝现在开始指责了。。。
Beyond the money
Reports from the Financial Crisis Inquiry Commission and the Senate Permanent Subcommittee on Investigations both asserted that S&P and Moody’s were reluctant to downgrade mortgage securities they knew might sour because of the disruption it would cause with the Wall Street clients that were paying them to rate them, thus setting up the housing house of cards.
“The ‘negative outlook’ of U.S. debt has come about because of the inability of Standard & Poor’s to have performed their jobs rating mortgage backed securities,” said Barry Ritholtz on his Big Picture blog Monday. “Ultimately, this enabled the entire crisis, financial collapse, enormous budget deficit and now political [battle] over the debt ceiling.”
"If ever there was an organization more corrupt, incompetent, and less capable of issuing an intelligent analysis on debt than S&P, I am unaware of them," Ritholtz said.
The financial markets did not seem to believe that the S&P change to a negative outlook—which means a one-in-three chance of a debt downgrade within two years—was particularly revelatory. Treasurys actually increased, along with the U.S. dollar. |
发表于 2011-4-18 22:16
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