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Tag Archives: fitch

The Unchallenged Power of the Rating Agencies

The Unchallenged Power of the Rating Agencies

In this bleak economic era, the only constants that have prevailed throughout the most part of the global financial crisis are risk and uncertainty. On January 12th, Standard and Poor’s downgraded France, joint-chief compere of the Eurozone’s economic horror show and its second largest economy. The very same day, the economies of Spain, Italy, Portugal […]

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US Court: Rating Agencies May Continue to Mislead

US Court: Rating Agencies May Continue to Mislead

US Court rules the three major credit rating agencies may continue to lie, mislead & cheat investors by assigning false ratings, and helping investment firms to structure transactions that gain ‘AAA’ status. The rating agencies ‘opinions’ are protected under First Amendment protections as free speech. This ruling is a set-back to individual investors & ordinary working Americans everywhere.

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