Forgot your password?
typodupeerror

Comment Re:Bond rating services. (Score 1) 1104

Because bankruptcy depends on cash flow - if you find yourself needing to raise a lot of money in a very, very short time due to a once in a century event, you can go broke overnight.

Credit ratings essentially depend on cash flow estimates. Unless someone at S&P or Moody's anticipated and understood everything that occurred over the past month, there was no reason, according to the models that they used, not to give profitable financial institutions semi-quality ratings.

Slashdot Top Deals

Any circuit design must contain at least one part which is obsolete, two parts which are unobtainable, and three parts which are still under development.

Working...