I am the God of Hellfire

2 Responses to “ETech 09: Toby Segaran and Jesper Andersen, “I Just Don’t Trust You: How the Tech Community Can Reinvent Risk Ratings””

1. emaij on July 9th, 2009 at 5:22 pm

   Good analysis of …
   Good analysis of the lack of accountability and conflicts of interest inherent in the ratings agency system in the USA. You fail to mention that they get away with this not only due to lack of regulation, but because the judicial system allows them to call their ratings “opinion”, thus protected as free speech. That means that it is practically impossible to hold them accountable for their self-dealing. Thus, when billions are lost due to reliance on their ratings there is no recourse. Insanity.

2. gitterdun on July 9th, 2009 at 5:22 pm

   I don’t know a …
   I don’t know a whole lot about this stuff, but I have not been feeling like there’s a level playing field for ordinary securities investors.
   Hope these guys can get it done before too long.

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