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Counterfeits redux
- Thread starter Sharon Bowman
- Start date
Oswaldo Costa
Oswaldo Costa
That is all.
Zachary Ross
Zachary Ross
You are so meta, Oswaldo.
Sharon Bowman
Sharon Bowman
[No message]
Sharon Bowman
Sharon Bowman
Or Serena Sutcliffe.
You know, the sell-side faces certain conflicts of interest.originally posted by Sharon Bowman:
Or Serena Sutcliffe.
Some handle those better than others.
But the conflicts are always there.
originally posted by SFJoe:
You know, the sell-side faces certain conflicts of interest.originally posted by Sharon Bowman:
Or Serena Sutcliffe.
Some handle those better than others.
But the conflicts are always there.
How about the ratings agencies?
Have I got some AAA subprime mortgages for you!originally posted by Yixin:
How about the ratings agencies?
Tom Glasgow
Thomas W Glasgow
The appraiser wasn't impartial. He gives values and then makes an offer to buy. That's a bigger conflict than the sell side, at lease you know a broker might screw you.originally posted by Yixin:
originally posted by SFJoe:
You know, the sell-side faces certain conflicts of interest.originally posted by Sharon Bowman:
Or Serena Sutcliffe.
Some handle those better than others.
But the conflicts are always there.
How about the ratings agencies?
Steve Edmunds
Steve Edmunds
quote: "because Sutcliffe isn’t as widely known as Parker, doing the tasting with her wouldn’t have garnered as much attention. "
but... wouldn't that be a good thing?
but... wouldn't that be a good thing?
Oswaldo Costa
Oswaldo Costa
originally posted by SFJoe:
Have I got some AAA subprime mortgages for you!originally posted by Yixin:
How about the ratings agencies?
"How can we take seriously a rating agency that is compensated by the issuers of securities? This system has long outlived its usefulness and should be discontinued."
If we discontinued this system, companies would also have to stop paying for external audits, another conflict. Ratings agencies and outside accountants should be forced to adopt the Wine Advocate honor system and be paid by subscribers. Then we would live happily ever after. Wait...
Cole Kendall
Cole Kendall
originally posted by Oswaldo Costa:
originally posted by SFJoe:
Have I got some AAA subprime mortgages for you!originally posted by Yixin:
How about the ratings agencies?
"How can we take seriously a rating agency that is compensated by the issuers of securities? This system has long outlived its usefulness and should be discontinued."
If we discontinued this system, companies would also have to stop paying for external audits, another conflict. Ratings agencies and outside accountants should be forced to adopt the Wine Advocate honor system and be paid by subscribers. Then we would live happily ever after. Wait...
And outside accountants would meet CFOs in a restaurant in Baltimore to review their results
originally posted by Cole Kendall:
And outside accountants would meet CFOs in a restaurant in Baltimore to review their results
Don't they already do this, Cole?
Mark Lipton
Oswaldo Costa
Oswaldo Costa
All of our points, exactly.
Jay Miller
Jay Miller
I'm 99 points on AAA subprime securities!
Christian Miller (CMM)
Christian Miller
No no, you're thinking of legislation.originally posted by MLipton:
originally posted by Cole Kendall:
And outside accountants would meet CFOs in a restaurant in Baltimore to review their results
Don't they already do this, Cole?
Mark Lipton
U
Unknown
Guest
originally posted by Jay Miller:
I'm 99 points on AAA subprime securities!
nah. i'm an 89 on them, with (98+) [in teh fucking brackets] on a go-long suggestion that is so totally made-up-out-of-no-where that we both hope to have forgotten all about it when the chickens come home to roost...
fb.