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Morning Legal Briefs

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37. Re: Morning Legal Briefs Oct 30, 2012, 00:32 Wowbagger_TIP
 
Beamer wrote on Oct 29, 2012, 23:55:
Yeah, the rating companies made asses of themselves. Ignoring the fraud, everyone basically did what they were supposed to. They made bets. Terrible bets.

The rating companies saying they were safe bets despite not understanding them is pretty poor. Sure, traders also didn't understand them, but they thought they'd be good, and it wasn't their job to rate them, just make them, as trading is always betting.
I don't think the banks were so innocent as that even. They were actively trying to game the ratings.
http://www.nytimes.com/2010/04/24/business/24rating.html

Ultimately though, Congress made the laws that allowed this to happen (or they enabled it through deregulation like the CFMA). They turned over the reigns to the banks to essentially make their own rules. No wonder they're the only ones that come out on top after all is said and done.
 
Avatar 9540
 
"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts." -- Bertrand Russell (I think...)
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    Date Subject Author
  1. Oct 29, 10:57 Re: Morning Legal Briefs InBlack
  2. Oct 29, 11:42 Re: Morning Legal Briefs Cutter
  3. Oct 29, 11:48  Re: Morning Legal Briefs Axis
  9. Oct 29, 14:15   removed Cutter
  10. Oct 29, 14:45    Re: Morning Legal Briefs Beamer
  4. Oct 29, 11:52 Re: Morning Legal Briefs Creston
  5. Oct 29, 12:17  Re: Morning Legal Briefs Axis
  7. Oct 29, 13:40   Re: Morning Legal Briefs Bodolza
  44. Oct 30, 09:23    Re: Morning Legal Briefs RollinThundr
  46. Oct 30, 11:14     Re: Morning Legal Briefs Wowbagger_TIP
  47. Oct 30, 12:05      Re: Morning Legal Briefs RollinThundr
  48. Oct 30, 12:43       Re: Morning Legal Briefs Wowbagger_TIP
  49. Oct 30, 12:56        Re: Morning Legal Briefs Mr. Tact
  50. Oct 30, 13:13        Re: Morning Legal Briefs RollinThundr
  52. Oct 30, 16:07         Re: Morning Legal Briefs Wowbagger_TIP
  54. Oct 30, 16:24          Re: Morning Legal Briefs RollinThundr
  55. Oct 30, 17:55           Re: Morning Legal Briefs Wowbagger_TIP
  58. Oct 30, 22:04            Re: Morning Legal Briefs Bet
  14. Oct 29, 16:16   removed eDave
  15. Oct 29, 16:25    Re: Morning Legal Briefs Axis
  16. Oct 29, 16:47     Re: Morning Legal Briefs Wowbagger_TIP
  17. Oct 29, 16:59      Re: Morning Legal Briefs Axis
  22. Oct 29, 18:44       Re: Morning Legal Briefs Wowbagger_TIP
  24. Oct 29, 19:08        Re: Morning Legal Briefs Prez
  25. Oct 29, 19:46         Re: Morning Legal Briefs Orogogus
  18. Oct 29, 17:00      Re: Morning Legal Briefs Bodolza
  19. Oct 29, 17:15       Re: Morning Legal Briefs Axis
  20. Oct 29, 17:31       removed Cutter
  23. Oct 29, 18:45       Re: Morning Legal Briefs Wowbagger_TIP
  26. Oct 29, 19:52     Re: Morning Legal Briefs Mordecai Walfish
  27. Oct 29, 20:40      Re: Morning Legal Briefs Beamer
  28. Oct 29, 22:24       Re: Morning Legal Briefs Wowbagger_TIP
  31. Oct 29, 22:30        Re: Morning Legal Briefs Beamer
  35. Oct 29, 23:23         Re: Morning Legal Briefs Wowbagger_TIP
  36. Oct 29, 23:55          Re: Morning Legal Briefs Beamer
>> 37. Oct 30, 00:32           Re: Morning Legal Briefs Wowbagger_TIP
  30. Oct 29, 22:28      Re: Morning Legal Briefs jdreyer
  32. Oct 29, 22:31       Re: Morning Legal Briefs nin
  33. Oct 29, 22:48        Re: Morning Legal Briefs Beamer
  34. Oct 29, 23:09        Re: Morning Legal Briefs Prez
  39. Oct 30, 01:14        Re: Morning Legal Briefs mag
  41. Oct 30, 03:16         Re: Morning Legal Briefs jdreyer
  42. Oct 30, 08:46         Re: Morning Legal Briefs nin
  29. Oct 29, 22:26   Re: Morning Legal Briefs jdreyer
  6. Oct 29, 13:13  Re: Morning Legal Briefs Agent.X7
  8. Oct 29, 14:14 Re: Morning Legal Briefs Mr. Tact
  11. Oct 29, 15:07  Re: Morning Legal Briefs Creston
  12. Oct 29, 15:35   removed Axis
  13. Oct 29, 15:41 Re: Morning Legal Briefs Cutter
  21. Oct 29, 17:41 Re: Morning Legal Briefs NegaDeath
  40. Oct 30, 02:20  Re: Morning Legal Briefs Bet
  38. Oct 30, 00:59 Re: Morning Legal Briefs Mr. Tact
  43. Oct 30, 08:52  Re: Morning Legal Briefs Beamer
  45. Oct 30, 09:39   Re: Morning Legal Briefs Mr. Tact
  51. Oct 30, 15:51    Re: Morning Legal Briefs Beamer
  53. Oct 30, 16:07     Re: Morning Legal Briefs Wowbagger_TIP
  56. Oct 30, 18:35      Re: Morning Legal Briefs Beamer
  57. Oct 30, 18:49       Re: Morning Legal Briefs Wowbagger_TIP
  59. Oct 30, 23:35        Re: Morning Legal Briefs Beamer
  60. Oct 30, 23:56         Re: Morning Legal Briefs Wowbagger_TIP


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