Ripping ratings agencies a new one

Thoughts

Remember my recent post about Ireland's economy, and how I rated as junk the ratings agencies themselves?

Unsurprisingly, Rob Delaney said it much better.

[Ratings agencies] maintained AAA ratings for companies run by abject criminals who knowingly, consciously, and systematically lied to US citizens and citizens of the world at large. Thus, they are culpable in the collapse of many banks (my own included) and their actions, among other things, drove thousands of families from their homes. As such, their opinion is worthless to me and it should be worthless to you.

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Ruben Schade is a technical writer and infrastructure architect in Sydney, Australia who refers to himself in the third person in bios. Hi!

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