Great article from Richard Koo in the FT today. He sums up what I have been discussing in a couple of recent posts about what a waste of time S&P is in the medium term (http://you-buy-the-high-i-sell-the-low.blogspot.com/2009/05/if-s-had-rating-it-would-be-junk.html). Check it out:
http://www.ft.com/cms/s/0/c3654cdc-4f88-11de-a692-00144feabdc0.html
Wednesday 3 June 2009
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