Wednesday, April 25, 2012

Why Standard & Poor's should shut up instead of rating India

Youtube videos on two 2008 Congressional hearings on Standard & Poor's.

If you want to know more about how these guys operate watch the movie "Too big to fail". Remember these are the same guys who rated CDOs as AAA. If CDOs are AAA, India is better off being junk! The Indian economy may be in trouble but I would rather the RBI told us than Standard & Poors.

http://www.youtube.com/watch?v=sr2ZFzBd5h8&feature=related
http://www.youtube.com/watch?v=19amWOc1GJ8

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