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Archive for August 8th, 2011

Posted by Martin August 08, 2011

Is there someone who trusts credit agencies today?

Investors once again dumped stocks this morning after Standard & Poor’s rating agency cut the US rating. What the heck? Who trusts the agencies which were always wrong? Those agencies are or were the problem of the mess in 2008 – 2009. Just remember companies such as Lehman Brothers and AIG! These agencies gave AAA Continue reading →