ENTRIES TAGGED "credit"

ETech: I Just Don't Trust You: How the Tech Community Can Reinvent Risk Ratings

The “I Just Don’t Trust You: How the Tech Community Can Reinvent Risk Ratings” presentation posited that the system for rating credit instruments is horribly broken. Right before Lehman Brothers crashed, Moody’s credit rating agency gave Lehman Brothers a AAA credit rating. Moodys immediately down-rated Lehman Brothers after they crashed — a little too late!

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