Ratingagentschappen kunnen u schaden

Ratingagencies are now questioning the solvability of the US, after they did for Greece, Ireland, Portugal, Spain. They had given high ratings to the subprimederivatives, had not predicted the Asian nor the dotcom crises, nor the Lehman or the Iceland bankrupcies. When ratings change big profits are...

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Bibliographic Details
Main Author: Roels, Frank
Format: Article in Journal/Newspaper
Language:Dutch
Published: 2011
Subjects:
Business and Economics
Standard & Poor's/Moody's/Fitch/budget deficit/national debt/state bonds/Portugal/Ireland/Greece/Spain/USA/Paul de Grauwe/
Iceland
Online Access:https://biblio.ugent.be/publication/1211469
http://hdl.handle.net/1854/LU-1211469
https://biblio.ugent.be/publication/1211469/file/1211476
Description
Summary:Ratingagencies are now questioning the solvability of the US, after they did for Greece, Ireland, Portugal, Spain. They had given high ratings to the subprimederivatives, had not predicted the Asian nor the dotcom crises, nor the Lehman or the Iceland bankrupcies. When ratings change big profits are made on the stock market; in case state bonds are involved, the taxpayers pay. Agencies take no responsibility. There advice should bear the label: "rating agencies can do you harm". What about treating their managers as financial terrorists?

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