Thursday, 16 July 2009

The new scapegoat

The next smoking gun. Calpers is attacking the rating agencies in order to divert the attention of Goldman Sachs, recently a lot in the news. Now, this is another important hurdle to get rid with for the regulators. If you can axe the inluence of the rating agencies everybody is a big winner. Imagine the fact that the US will not loose his AAA rating is already a big plus.
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