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Why The Hartford Took a Hit on Wall Street
National News • October 6, 2008
The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades.
"We've got contagion right ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: RE: RE: RE: Legislators, wake up and take notice | Quack | Oct 15, 2008, 4:50 pm |
| RE: RE: RE: RE: RE: Legislators, wake up and take notice! | Underryder | Oct 15, 2008, 3:10 pm |
| RE: RE: RE: RE: Legislators, wake up and take notice! | taz_in_orlando | Oct 15, 2008, 7:51 am |
| RE: RE: RE: Legislators, wake up and take notice! | Pud | Oct 14, 2008, 6:50 pm |
| RE: RE: Legislators, wake up and take notice! | taz_in_orlando | Oct 14, 2008, 10:38 am |
| RE: RE: RE: RE: RE: BAR STOOL ECONOMICS | Pud | Oct 13, 2008, 7:40 pm |
| RE: RE: RE: RE: BAR STOOL ECONOMICS | Joe Mama | Oct 13, 2008, 2:10 pm |
| RE: RE: RE: BAR STOOL ECONOMICS | Pud | Oct 13, 2008, 2:02 pm |
| RE: RE: BAR STOOL ECONOMICS | Joe Mama | Oct 13, 2008, 1:45 pm |
| RE: BAR STOOL ECONOMICS | Pud | Oct 13, 2008, 1:25 pm |
| BAR STOOL ECONOMICS | Joe Mama | Oct 13, 2008, 9:16 am |
| RE: more important | Pud | Oct 7, 2008, 4:41 pm |
| RE: more important | Pud | Oct 7, 2008, 4:38 pm |
| more important | down, down, down | Oct 7, 2008, 3:19 pm |
| RE: RE: RE: RE: RE: Legislators, wake up and take notice! | Pud | Oct 7, 2008, 3:18 pm |
| MIKE - WAKE UP! | not Mike | Oct 7, 2008, 3:16 pm |
| RE: RE: RE: RE: Legislators, wake up and take notice! | nobody important | Oct 7, 2008, 2:16 pm |
| RE: RE: RE: RE: Legislators, wake up and take notice! | Grammar Police | Oct 7, 2008, 2:14 pm |
| RE: RE: RE: Legislators, wake up and take notice! | Underryder | Oct 7, 2008, 2:03 pm |
| RE: RE: Legislators, wake up and take notice! | Mike | Oct 7, 2008, 12:52 pm |
| RE: Legislators, wake up and take notice! | Pud | Oct 7, 2008, 12:30 pm |
| Legislators, wake up and take notice! | anon the mouse | Oct 7, 2008, 8:28 am |
| RE: RE: RATING FOLKS! | Riiiiiiight..... | Oct 7, 2008, 7:46 am |
| RE: RATING FOLKS! | pud | Oct 7, 2008, 5:26 am |
| RE: RATING FOLKS! | State Insurer | Oct 7, 2008, 5:04 am |
| RATING FOLKS! | Know it All | Oct 7, 2008, 4:57 am |
| RE: Where the heck are the Rating Folks in all of this | Pud | Oct 6, 2008, 11:02 pm |
| Where the heck are the Rating Folks in all of this | Mike | Oct 6, 2008, 7:35 pm |
| RE: RE: tumbling stock prices | Muggyfrost | Oct 6, 2008, 3:18 pm |
| RE: tumbling stock prices | quack quack | Oct 6, 2008, 2:21 pm |
| tumbling stock prices | Stat Guy | Oct 6, 2008, 12:46 pm |
| Back to article | ||
Subject: Where the heck are the Rating Folks in all of this
I have to ask where the heck were the business rating folks.
It seems that we hear they a company is in trouble one day, then the next day we hear the company is now gone.
No one can tell me that much of these problems aren't identifiable if the Ratings people really chose to look at the books as, cooked books or not, you can't hide the shear magnitude of the disasters and outright fraud that have occurred.
What good are the agencies if they either can't, or won't, give us an accurate financial picture of the companies which they are responsible to rate?...Maybe it's time to get rid of the rating folks, as they've proven to be worthless.
Perhaps we should let the states or the Fed's do this job totally...As much as I hate the idea of this, the current ratings systems has proven to have no value so why not try something else for a change.