After listening to all this debt debate and credit rating agencies, one has to wonder the Conflict of Interest issues with these agencies and how they rate countries AAA rating. Lets face it, its these same credit rating agencies that rated "Packaged Mortgages or CDO" as AAA a few years ago. Banks were sending their "Packaged Mortgages" to Agencies that would give them the best rating, and agencies made money along the way.
We have all seen similar conflicts and its amazing…
ContinueAdded by Suresh on August 2, 2011 at 2:00pm — 3 Comments
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