Thursday, September 22, 2011

Now you can praise something for being bad if you are transparently told that its bad!

From the start of the current crisis in 2007, collateralised loan obligations have been labelled "toxic".

But the rating agency called Moody's has just raised the ratings on these, arguing that they they have performed ‘exactly as marketed’.

This is like a shopkeeper saying "You should buy this snake because it looks beautiful and if it gets anxious or angry its going to bite you":
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