Tieto postupy sú pritom jedným z faktorov, ktoré stáli za vytvorením bubliny na realitnom trhu v USA a viedli k spusteniu hypotekárnej krízy. Nesprávne ohodnocovanie rizík totiž vedie k nízkej opatrnosti investorov...S postupom krízy môžeme očakávať, že regulačné orgány sa čoraz viac pozrú na zúbky konfliktu záujmov medzi firmami a ratingovými agentúrami....
Bill Ackman asks if Fitch Ratings should really have a Triple AAA rating on MBIA:
Does a company deserve your highest Triple A rating whose stock price has declined 90%, has cut its dividend, is scrambling to raise capital, completed a partial financing at 14% interest (now trading at a 20% yield one week later), has incurred losses massively in excess of its promised zero-loss expectations wiping out more than half of book value, with Berkshire Hathaway as a new competitor, having lost access to its only liquidity facility, and having concealed material information from the marketplace? Can this possibly make sense?
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