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by byrneseyeview
5911 days ago
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That's just plain stupid. If you're buying, don't count on the seller having your interests at heart. That's part of Goldman's job. They want the transaction to happen; if they can get a good rating, they should. The entity that's responsible for making the rating agencies rate things well is... the rating agency. |
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The first is naivete. The second is Federal securities law.