Credit Rating Agencies Again Playing a Vital Role in the Marketplace?

In an op-ed about high-frequency trading in Monday’sWall Street Journal, former hedge-fund manager Andy Kessler suggests that poor pricing of collateralized debt obligations between 2006 and mid-2008 were a significant reason for the crisis that arose just two years later. On the basis of that bad information, he contends, the market continued to buy these toxic instruments until better models appeared two years later. He concludes that the “financial crisis was mainly driven by the drop in value of mortgages from these last two years.”

Read full blog at http://spectruminvestors.wordpress.com/2014/06/23/credit-rating-agencies-again-playing-a-vital-role-in-the-marketplace/

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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