finally someone with common sense.. afterall, it is a risk to get involved with any brokering of funds. you can not be guaraunteed anything just because you see someone rate something does not mean it’s true! for example, the #1 draft in the nfl – is he the best player? some think he is and some think he could be, you don’t know until he plays out. when you invest stock into a company and then a multi-million lawsuit comes, it might go bankrupt and so does your money. so, you choose based on what you know. how many of these so-called rating companies had known 100% what each company has and how they operate? it’s a guessing game. in this case i guess they guesssed wrong and lost tons of money! at least it was not fraud like maddoff did…..
finally someone with common sense.. afterall, it is a risk to get involved with any brokering of funds. you can not be guaraunteed anything just because you see someone rate something does not mean it’s true! for example, the #1 draft in the nfl – is he the best player? some think he is and some think he could be, you don’t know until he plays out. when you invest stock into a company and then a multi-million lawsuit comes, it might go bankrupt and so does your money. so, you choose based on what you know. how many of these so-called rating companies had known 100% what each company has and how they operate? it’s a guessing game. in this case i guess they guesssed wrong and lost tons of money! at least it was not fraud like maddoff did…..