Comments on: S&P Tried to Buy Morningstar http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 23:02:10 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: philipat http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-189028 philipat Thu, 02 Jul 2009 01:38:31 +0000 http://www.ritholtz.com/blog/?p=30470#comment-189028 @Ratings Agencies @Ratings Agencies

]]> By: philipat http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-189027 philipat Thu, 02 Jul 2009 01:37:45 +0000 http://www.ritholtz.com/blog/?p=30470#comment-189027 I've been worried from the outset that the Ratings Agencies, as a result of all their influence, would be able to avoid effective regulation and/or a return to "Buyer pays". And now, sure enough none of the changes proposed by Geithner/Bernanke include ANY impact on the Artings Agencies. Now, it can't be that the conflicts of interest are not glaringly obvious can it? Leaving pay to play in play is like a ticking time bomb just waiting for the next financial debacle 5-10 years from now. "That's just the way it is, some things will never change" At least Buffett must be happy. I’ve been worried from the outset that the Ratings Agencies, as a result of all their influence, would be able to avoid effective regulation and/or a return to “Buyer pays”. And now, sure enough none of the changes proposed by Geithner/Bernanke include ANY impact on the Artings Agencies. Now, it can’t be that the conflicts of interest are not glaringly obvious can it?
Leaving pay to play in play is like a ticking time bomb just waiting for the next financial debacle 5-10 years from now.

“That’s just the way it is, some things will never change”

At least Buffett must be happy.

]]> By: AmenRa http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188737 AmenRa Wed, 01 Jul 2009 23:49:57 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188737 Uh oh here we go again... <a href="http://www.bloomberg.com/apps/news?pid=20601110&sid=aImf5u463oUc" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20601110&sid=aImf5u463oUc</a> Banks are increasing their MBS purchases. Uh oh here we go again…

http://www.bloomberg.com/apps/news?pid=20601110&sid=aImf5u463oUc

Banks are increasing their MBS purchases.

]]> By: impermanence http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188790 impermanence Wed, 01 Jul 2009 17:13:04 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188790 @Mannwich: considering it's nearly impossible to understand the simplest of things, I guess we're not going to get to the bottom of this anytime soon. Just sucks for the kids. @Mannwich: considering it’s nearly impossible to understand the simplest of things, I guess we’re not going to get to the bottom of this anytime soon. Just sucks for the kids.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188782 Mannwich Wed, 01 Jul 2009 16:53:41 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188782 @impermanence: Agreed. Perhaps what we're seeing unfold is just inevitable human nature-wise. Human nature doesn't change over the years and we're merely following other past empires who ultimately saw their demise unfold for similar reasons. @impermanence: Agreed. Perhaps what we’re seeing unfold is just inevitable human nature-wise. Human nature doesn’t change over the years and we’re merely following other past empires who ultimately saw their demise unfold for similar reasons.

]]> By: impermanence http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188780 impermanence Wed, 01 Jul 2009 16:50:31 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188780 Mannwich: By fraud, I mean his portrayal that he has a clue. He was groomed to be President because he could convince the people that he was honest. This is different than the Paulson type of fraud where he is just lying through his teeth. What is most dis-heartening is the absolute lack of guts that the American professional class has shown. It is the final sell-out of the ideals of the sixties. They took what was left of their parents' system and completely trashed it. Mannwich:
By fraud, I mean his portrayal that he has a clue. He was groomed to be President because he could convince the people that he was honest. This is different than the Paulson type of fraud where he is just lying through his teeth.

What is most dis-heartening is the absolute lack of guts that the American professional class has shown. It is the final sell-out of the ideals of the sixties. They took what was left of their parents’ system and completely trashed it.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188767 Mannwich Wed, 01 Jul 2009 16:36:30 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188767 that's civil UN-rest.... that’s civil UN-rest….

]]> By: Mannwich http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188766 Mannwich Wed, 01 Jul 2009 16:36:11 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188766 @impermanence: I think O knows full well the jig is up but figures they have no alternative (except broad civil rest, and GD II, but worse) but to do what they're trying to do - - patch things up and re-start the game all over again. It's not going to work but it's buying them some time before it eventually does fall apart again. @impermanence: I think O knows full well the jig is up but figures they have no alternative (except broad civil rest, and GD II, but worse) but to do what they’re trying to do – - patch things up and re-start the game all over again. It’s not going to work but it’s buying them some time before it eventually does fall apart again.

]]> By: impermanence http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188758 impermanence Wed, 01 Jul 2009 16:25:18 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188758 GB says: "That’s one thing that I respect about Obama. He at least has made light that our economy is rewarding the wrong type of investment in America." This guy (Obama) is the biggest fraud ever. At least you knew what sort of an idiot you had with Bush. People need to understand that this system is done. You people can splice and dice it a million ways, but it's over. The people at the top have absolutely no fear that anybody will do anything against them. That's is how fascism works. The little people (the professional class) will do literally anything to hold on to their crumbs, while the rest submerge deeper and deeper into the abyss. GB says:

“That’s one thing that I respect about Obama. He at least has made light that our economy is rewarding the wrong type of investment in America.”

This guy (Obama) is the biggest fraud ever. At least you knew what sort of an idiot you had with Bush. People need to understand that this system is done. You people can splice and dice it a million ways, but it’s over. The people at the top have absolutely no fear that anybody will do anything against them. That’s is how fascism works. The little people (the professional class) will do literally anything to hold on to their crumbs, while the rest submerge deeper and deeper into the abyss.

]]> By: uno http://www.ritholtz.com/blog/2009/07/sp-tried-to-buy-morningstar/comment-page-1/#comment-188757 uno Wed, 01 Jul 2009 16:23:43 +0000 http://www.ritholtz.com/blog/?p=30470#comment-188757 Self-editing (late): "The IPO companies that the investment banksters were hawking the hardest via such luminaries as Mary Meeker — with no small conflict of interest — got their necks stood on in terms of valuation." Self-editing (late): “The IPO companies that the investment banksters were hawking the hardest via such luminaries as Mary Meeker — with no small conflict of interest — got their necks stood on in terms of valuation.”

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