tag:blogger.com,1999:blog-2611021408437270881.post452004060867244923..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Death to the Rating AgenciesIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2611021408437270881.post-22735541729101623782008-03-10T14:37:00.000-07:002008-03-10T14:37:00.000-07:00Floyd Norris' blog at www.nytimes.com, discusses t...Floyd Norris' blog at www.nytimes.com, discusses this topic on 9 March 2008 and has a post by Cate Long which explains her position in greater detail.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-31735735332207843732008-03-07T18:09:00.000-08:002008-03-07T18:09:00.000-08:00Cate Long:I read your comment and think your sugge...Cate Long:<BR/>I read your comment and think your suggestion would improve matters somewhat. However, I see the failure of reform in the CPA business and believe a better route is to unleash the plaintiffs' bar on the miscreants. Thanks for your positive words.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-2274085413935363992008-03-04T11:32:00.000-08:002008-03-04T11:32:00.000-08:00Your scepticism of the raters is legitimate...They...Your scepticism of the raters is legitimate...<BR/><BR/>They over-rated structured products and under-rated munis...<BR/><BR/>Those two facts account for a lot of mispricing and misallocation of risk...<BR/><BR/>Here is the proposal which I've made to Members of Congress and the SEC to create true competition among raters... <BR/><BR/>"Equivalent Disclosure" for issuers...<BR/><BR/>http://docs.google.com/Doc?docid=ddwhpq5g_13hg34w9&hl=en<BR/><BR/>Good blog... Cate LongAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-49431052600850072092008-03-04T10:15:00.000-08:002008-03-04T10:15:00.000-08:00Bizz Saw:You are correct, at least one of TBT admi...Bizz Saw:<BR/>You are correct, at least one of TBT admitted this. Thanks.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-65009612311926735772008-03-04T06:28:00.000-08:002008-03-04T06:28:00.000-08:00Their word, ack!Their word, ack!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-20354752505736348022008-03-04T06:27:00.000-08:002008-03-04T06:27:00.000-08:00Hello i.a.,Nice post! Funny, Moody's, Fitch, and S...Hello i.a.,<BR/><BR/>Nice post! <BR/><BR/>Funny, Moody's, Fitch, and S&P act as if they still have some credibility. Didn't they admit that they "don't do due diligence" or some such horse pucky? I know that I will never trust there word for anything.Anonymousnoreply@blogger.com