The Future Holds Nothing Else But Confrontation ([info]hawver) wrote,
2008-11-14 10:44:00
S&P employee #1: By the way that deal is ridiculous
S&P employee #2: I know, right. That model definitely does not capture half the risk
S&P employee #1: We should not be rating it.
S&P employee #2: We rate every deal. It could be structured by cows and we would rate it.

Congressman: What do you think this means, Mr. Raiter?
Raiter: Um...I don't know...I guess a casual acceptance of these things.
Sean Egan (of Egan-Jones) chimes in: Perhaps that cow was particularly talented?

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  • 3 comments

[info]boffo

November 14 2008, 17:20:39 UTC 3 years ago

This is totally unrelated to your post, but whenever I see your user pic I think of this:

[info]hawver

November 14 2008, 19:18:56 UTC 3 years ago

Ha, yeah that's a classic :) Also:

[info]sweetbaboo

November 14 2008, 20:28:24 UTC 3 years ago

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