They obviously have some very powerfull friends. Who keeps them out of the wind and why is anyone still listening to their dribble?
From Wall Street and congress. Why do you think a stock falls 20% before the rateings downgrade. But the way the financial media spins it is, THE MARKET KNEW AHEAD OF TIME, HUMMMMMMM. The market is aways right!, the market was priceing in the rateings downgrade. But what really happened, was someone was tipped off and got the hell out before the downgrade.
The new worldwide stock market... Facility.....BATS model Direct Access....Genesis business model Customer cost....max 20 cents per 100 shares Entrants.....boilerplate information Monthly financial updates.....internet entry by the entrant Violations means delisting....no second chances.... Security police.....worldwide random checks by township agency.... Securities....stocks, bonds, commodities Changes..... Bonds...trade like stocks $10 par Commodities....trade like stocks Margin....no margin....but 1x.2x.3x.4x shares .................................................................................. New entrants ....boiler plate....any bank..... ................................................................................. Other changes.... No more mutual funds, hedge funds....will changeover to management units....$10 par....to be preapproved by local township..... ........................................................................... Information per security.....Google model .................................................................... Result..... No further need for MS, GS or similar business models.... Rating agencies.....extinct.........