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A comment on Inflated Bond Ratings Helped Spur the Financial Crisis. They’re Back. Parent comment

Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by lr4444lr on Thursday August 08, 2019 @08:25AM (#20643822)
Sounds like a problem with (this type of) bonds in general as a financial instrument if their pricing is not contingent on actual market forces but rather the word of an expert.
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Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by anthonypasq on Thursday August 08, 2019 @10:09AM (#20644707)
they are priced based on the market, but rated by an agency. bond pricing is easily understood math.

People just trust the agencies when they rate bonds highly, even if they shouldnt be

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