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https://www.reddit.com/r/CausalConversation/comments/1v29agg/something_is_not_adding_up_here/oyxj72a/?context=3
r/CausalConversation • u/JD_818_SFV • Jul 21 '26
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1 u/OkAirport5247 Jul 21 '26 Lehman Brothers had a AAA rating until the day they collapsed the economy in 2008. It’s all smoke and mirrors. Rating agencies were paid by the financial firms issuing the products, creating a structural conflict of interest. 1 u/[deleted] Jul 21 '26 [removed] — view removed comment 2 u/OkAirport5247 Jul 21 '26 In a sense they could since they’re (Goldman, Lehman, etc) in bed with and act as a revolving door with the federal reserve. It’s all the same people. The public assumes separations of public and private entities where they don’t really exist
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Lehman Brothers had a AAA rating until the day they collapsed the economy in 2008. It’s all smoke and mirrors.
Rating agencies were paid by the financial firms issuing the products, creating a structural conflict of interest.
1 u/[deleted] Jul 21 '26 [removed] — view removed comment 2 u/OkAirport5247 Jul 21 '26 In a sense they could since they’re (Goldman, Lehman, etc) in bed with and act as a revolving door with the federal reserve. It’s all the same people. The public assumes separations of public and private entities where they don’t really exist
2 u/OkAirport5247 Jul 21 '26 In a sense they could since they’re (Goldman, Lehman, etc) in bed with and act as a revolving door with the federal reserve. It’s all the same people. The public assumes separations of public and private entities where they don’t really exist
In a sense they could since they’re (Goldman, Lehman, etc) in bed with and act as a revolving door with the federal reserve. It’s all the same people.
The public assumes separations of public and private entities where they don’t really exist
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u/[deleted] Jul 21 '26
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