tag:blogger.com,1999:blog-3976760253516322294.post6405780905258120502..comments2023-07-16T00:53:00.535-07:00Comments on Bones Economics: Lexington Law: Prosperity Tool or Needless RigmaroleRingohttp://www.blogger.com/profile/09506068154852505840noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3976760253516322294.post-10983553146342697562009-07-27T05:24:31.306-07:002009-07-27T05:24:31.306-07:00Thanks for sharing your thoughts about the good in...Thanks for sharing your thoughts about the good information about Lexington law.Silkhttps://www.blogger.com/profile/13425648908795692351noreply@blogger.comtag:blogger.com,1999:blog-3976760253516322294.post-39499739929734859932008-10-01T03:34:00.000-07:002008-10-01T03:34:00.000-07:00When everyone in the US Congress are still at logg...When everyone in the US Congress are still at loggerheads wheather to approve the proposed 700 billion dollar bailout plan to nationalize America's bad credit, the American taxpayer are starting to get weary whether they will be the guarantors of last resort. To me, this proposed bailout is a sham and unfair because its the mortgage customers that need protection, not the Wall Street "fatcats". Is this the end of capitalism - i.e. credit driven economy - as we know it? And most of all is Karl Marx absolutely right in predicting the fall of capitalism, only this time he's eight years late?Ringohttps://www.blogger.com/profile/09506068154852505840noreply@blogger.comtag:blogger.com,1999:blog-3976760253516322294.post-68553102243615223552008-06-26T03:11:00.000-07:002008-06-26T03:11:00.000-07:00For more than thirty years, credit rating agencies...For more than thirty years, credit rating agencies have played a pivotal role in the global debt markets. A sale of bonds has since required a prerequesite of "stamp of approval" from Moody's, Standard & Poor's or Finch's. Credit Rating Agencies scale of credit ratings - from AAA for an issuer of unimpeachable credit worthiness, to C 's and D 's for issuers of highly speculative or defaulted securities - i.e. junk - form the basis of the capital markets. If the rigmarole behind this process reminds you of Medieval Alchemist's methods of turning base metals into gold, to me, it really is. Further reinforced by my nagging feeling that the "Stock Exchange" in general is largely a "ficticious economy". The alchemy involved in Credit Ratings is the reason why Credit Rating Agencies are coming under fire recently - because trillions of dollars of investors' money is at risk, or already at risk due to these Credit Rating Agency's inability to avoid dodgy mortgage investments and subprime losses.VaneSSahttps://www.blogger.com/profile/09903333054433459032noreply@blogger.comtag:blogger.com,1999:blog-3976760253516322294.post-28988877837076691852008-06-04T03:48:00.000-07:002008-06-04T03:48:00.000-07:00Even though the root cause of the US "Economic Tur...Even though the root cause of the US "Economic Turmoil" can be traced to irresponsible banks, greedy borrowers, foolish speculators; incompetent regulators, the central bank heads who kept the cost of borrowing money too low for too long (paging Alan Greenspan). One group has just recently become newsworthy in their culpability in creating our current global economic debacle, namely credit rating agencies.<BR/>The American subprime market became the most notorious example of the abuse of the credit rating process, and ultimately of common sense. Mortgage loans made to lower-income clients with less-than-pristine credit scores who had more often than not lied about their incomes and borrowed many multiples of their ficticious salaries, were pooled and securitized,then granted the gold standard,top-rated rating of "AAA". Wheres the Basel Accord when you need it?Yvettehttps://www.blogger.com/profile/13778830403404396438noreply@blogger.comtag:blogger.com,1999:blog-3976760253516322294.post-72490349136850878952008-01-04T07:14:00.000-08:002008-01-04T07:14:00.000-08:00Though not the gist of your post, I do see you men...Though not the gist of your post, I do see you mentioned socially responsible investing in regard to the internet. If any readers are interested, I have been following socially responsible investing for about forty years and have a website that covers the latest relevant global news at <A HREF="http://investingforthesoul.com/" REL="nofollow"> www.investingforthesoul.com </A><BR/><BR/>Best wishes, Ron RobinsRon Robinshttps://www.blogger.com/profile/02939240770199747573noreply@blogger.com