From: mansoor munir [mailto:[email protected]] Sent: Tuesday, September 29, 2009 6:16 AM To: umer Subject: "Buyer beware" of credit rating agencies cautions Economics Professor in her new Book
Investors hold credit ratings as of intrinsic value and rely on them too heavily. ESSEC Economics Professor Patricia Langohr, with her father, Herwig Langohr, a Finance and Banking Professor have written a book called "The rating agencies and their credit ratings" Professor Langohr cautions "buyer beware" of the follies of credit rating agencies and their false sense of security. She further warns "Credit ratings have become ubiquitous and arcane." ( <http://www.business24-7.ae/Articles/2009/8/Pages/25082009/08262009_2acdd821 367743e983ef3065674de703.aspx> http://www.business24-7.ae/Articles/2009/8/Pages/25082009/08262009_2acdd8213 67743e983ef3065674de703.aspx) According to Professor Langohr, "The three ratings agencies weren't afraid of losing their business," Why one may ask? Because, "there is nowhere else to go to get a credit rating except Moody's, Standard and Poor's, or Fitch." Her belief seems to be well founded. For more details see her Book "The rating agencies and their credit ratings" --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kantakji Group" group. To post to this group, send email to [email protected] To unsubscribe from this group لفك الاشتراك من المجموعة أرسل للعنوان التالي رسالة فارغة, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kantakjigroup?hl=en سياسة النشر في المجموعة: - ترك ما عارض أهل السنة والجماعة. - الاكتفاء بأمور ذات علاقة بالاقتصاد الإسلامي وعلومه ولو بالشيء البسيط. ويستثنى من هذا مايتعلق بالشأن العام على مستوى الأمة كحدث غزة مثلا. - عدم ذكر ما يتعلق بشخص طبيعي أو اعتباري بعينه. باستثناء الأمر العام الذي يهم عامة المسلمين. - تمرير بعض الأشياء الخفيفة المسلية ضمن قواعد الأدب وخاصة منها التي تأتي من أعضاء لا يشاركون عادة، والقصد من ذلك تشجيعهم على التفاعل الإيجابي. - ترك المديح الشخصي. -~----------~----~----~----~------~----~------~--~---
