S&P president to step down

Quote from bone:

Again, that me very well be the eventual outcome - but I use the 'pioneers with arrows in their backs' anecdote for a very real purpose; namely, why kill your franchise with a self-inflicted wound and let your competitors, who played it safer, reap the rewards ? You have to look at it from the Board of Director's viewpoint; that is, a stupid self-inflicted wound that damages your standing with the huge US State and Municipal Bond issuers.

The fact that the US is still viewed by legitimate investors as "the cleanest shirt in the pile of dirty laundry" is very much spot-on. Dent holders get paid FIRST, by statute, with respect to the $200 Billion the US Treasury takes in each month.
More...

It seems possible that you might be implying that S&P should adjust their actual ratings in order to help their business. That view is sort of off base. Let's put it another way: If you had to make an investment, which rating agency would you trust - S&P, which has the strictest methodology or another ratings agency?
 
Quote from endsongs:
It's called being ahead of the curve. . . In the long run, S&P will be validated while the other ratings agencies might have their foresight questioned.
More...
I guess S&P was WAY ahead of the curve with their AAA rating of CMOs and CDOs. Hang on to your mortgage bonds, guys, they're coming back!
 
Quote from endsongs:

It seems possible that you might be implying that S&P should adjust their actual ratings in order to help their business.
More...

Are you so naive to think that they did otherwise with respect to the mortgage securities they rated for the investment banks pushing that crap ? Does the Board of Directors have a fiduciary responsibility to both clients and shareholders ?
 
Quote from bone:

Are you so naive to think that they did otherwise with respect to the mortgage securities they rated for the investment banks pushing that crap ? Does the Board of Directors have a fiduciary responsibility to both clients and shareholders ?
More...

I'm talking about what is ongoing now, not something 6 or 7 years ago. Obviously, they learned their lesson and now they rate more aggressively. Also, answer my question, who would you choose to rate a potential investment today: S&P or a more lenient rating agency?
 
Quote from endsongs:

answer my question, who would you choose to rate a potential investment today: S&P or a more lenient rating agency?
More...

I would not use any ratings agency for fixed income. I do my own research - that's why they invented Bloomberg terminals.
 
S&P was right in downgrading the US ratings. First by right analysis and second to send the politicians a clear message that they have to do something genuine to help the debt and related problems.


btw, cleanest shirt in the dirty laundry basket does not earn 'AAA' because it is still the cleanest. Cleanest shirt can be still tooooooo dirty to barely earn 'BBB'.


Please do not mix or shove politics into the market study. S&P is atleast truthful in conveying its message to the common investors.

:D :cool: :p
 
Quote from intradaybill:

He caused a lot of harm to a lot of people with his unjustified decision to downgrade US while keeping other countries at maximum grade. Many people have lost a good part of their retirement savings because of him.
More...


Deven Sharma is a mook mofo.

eom
 
Quote from toc:

S&P was right in downgrading the US ratings. First by right analysis and second to send the politicians a clear message that they have to do something genuine to help the debt and related problems.


btw, cleanest shirt in the dirty laundry basket does not earn 'AAA' because it is still the cleanest. Cleanest shirt can be still tooooooo dirty to barely earn 'BBB'.


Please do not mix or shove politics into the market study. S&P is atleast truthful in conveying its message to the common investors.

:D :cool: :p
More...



Sorry man. You sound like a mook. You started out ok with the US deserved the downgrade. Then you started going academic with the cleanest underwear in dirty laundry basket. The correct jargon is cleanest dirty underwear.

Then you went mook with the "Please........."

S&P is not about troof.

If you actually give S&P credibility, you are S&P. Stupid and going to be Poor.

:D
 
Quote from endsongs:

Also, answer my question, who would you choose to rate a potential investment today: S&P or a more lenient rating agency?
More...


I need more choices. You are asking me if I should choose a mook or a mook x 10....
 
You must log in or register to reply here.
Back
Top