Reggie middleton twitter

@veritaseum. Reggie Middleton, Veritaseum CEO, is known for predicting market crashes, financial institution collapses & booms in technology sector - long. Reggie Middleton is the founder of Veritasium, a Fintech start up. Here are some opportunities he talked about during his interview with The Guardian.

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He https://catalog-id.ru/address/what-is-a-bitcoin-cash-address.html on Twitter. Updated February 25,PM One cannot say the agencies failed to do their jobs during the credit bubble and subsequent bust of One cannot say the agencies failed in the ongoing pan-European sovereign debt crisis.

They succeeded wildly because they served their constituency -— the banks! When reggie middleton twitter bank needed a product or offering rated as investment grade, reggie middleton twitter paid one of the three big ratings agencies and obtained the desired outcome.

Agencies were miraculously able to grant AAA ratings to pools of delinquent mortgages, backed by inflated collateral, taken out by those with no or horrible credit histories, when the bank issuing these pools was paying the bill.

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Miraculously, agencies were able to grant investment grade ratings to sovereign debt offerings from countries with a negative primary balance, a history reggie middleton twitter multiple defaults, volatile revenue streams, a history of patchy tax collection and political discord.

Why were these entities granted investment grade ratings, some of which were the same as that of debt from the richest, most powerful and stable country in the coinbase eth wallet address A single word: money.

Either those who were to reggie middleton twitter rated, reggie middleton twitter potentially worse, those who sought to sell the products being rated, were also reggie middleton twitter entities paying for the rating. Basically, the fox was put in charge of guarding the hen house, and was also instructed to keep count of the chickens in the reggie middleton twitter.

Eliminate perverse incentives.

Stop Letting Bond Issuers Pay Bond Raters

Whoever wants to buy an asset reggie middleton twitter have to pay to have it rated. It would also help if agencies could no longer hide behind the excuse that their rating was only an opinion, rather than empirical research they must stand behind. There's no need to do a reliable job if you face no credible reggie middleton twitter liability, and the reggie middleton twitter essentially limits the competition you face.

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