Why the Eurozone and the USA Deserve a CCC Rating

Sunday, September 11, 2011

I have always considered the alphabet soup of rating agencies as useful in determining the credit risk as a balance would be to find out the sweetness of a cookie bar.
As rating agencies have now come out in fear of litigation suits with the statement that their ratings are just an opinion and not a guideline, I think we can do away with opaque rating processes.
The Eurozone and the USA both deserve a
  • Corruption
  • Crisis
  • Chaos

Anybody disagree?

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