I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial
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Tuesday, July 22, 2008
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Just like the British army, the rating agencies are in danger of fighting the last war. Continuing with the war analogy... The dangers of a cavalry charge into machine-gun fire are now apparent. But now it is as if one is being shelled by your own side too – death is a near certainty. You do wish they would stop!
Mark Hale, CEO of Prytania Group. Fitch’s proposed changes to synthetic corporate CDO methodology got the thumbs down from CDO managers speaking at Euromoney’s bond investor forum