There's a serious problem we have on hand. No, it's not the European meltdown (sounds like a chocolate sauce, does it?), or the American Presidential election of Obama versus Romney, (though this one has the potential to be included in our discussion), or even our own (Presidential election).
We have a REAL problem- and that is, to find out who named the rating agencies who go around rating everything from financial instruments, to countries, and now it seems, even educational institutions. The guys who did it need to be institutionalised- seriously!
I mean, Standard and Poor? What kind of a name is that? If the goal is financial inclusion, either they should rate everybody as 'poor' or everyone as rich, with nothing in between. But couldn't they have found a better name?
Fitch is another one that sounds suspiciously like another word that rhymes with it and is much more popular, particularly in cat-fights. Cats don't talk, except in Murakami novels, so I am referring figuratively to our own species.
Moody's though, is the ultimate among the naming goof-ups. I mean, we are talking serious stuff like a country and its people's future here. Or at least a financial instrument. How the hell can anyone trust a rating from someone who is moody? Your rating would then be expected to yo-yo, based on the mood-swings of these esteemed personalities manning the agency.
God, please give them sense enough to rename themselves. If we can rename our files at will, why can't they? A brand consultant could make millions doing the job, and create a few to save the crashing economies, in the process!
We have a REAL problem- and that is, to find out who named the rating agencies who go around rating everything from financial instruments, to countries, and now it seems, even educational institutions. The guys who did it need to be institutionalised- seriously!
I mean, Standard and Poor? What kind of a name is that? If the goal is financial inclusion, either they should rate everybody as 'poor' or everyone as rich, with nothing in between. But couldn't they have found a better name?
Fitch is another one that sounds suspiciously like another word that rhymes with it and is much more popular, particularly in cat-fights. Cats don't talk, except in Murakami novels, so I am referring figuratively to our own species.
Moody's though, is the ultimate among the naming goof-ups. I mean, we are talking serious stuff like a country and its people's future here. Or at least a financial instrument. How the hell can anyone trust a rating from someone who is moody? Your rating would then be expected to yo-yo, based on the mood-swings of these esteemed personalities manning the agency.
God, please give them sense enough to rename themselves. If we can rename our files at will, why can't they? A brand consultant could make millions doing the job, and create a few to save the crashing economies, in the process!
