I recommend -for the DR1 folks interested in macroeconomics; the series published this week by the Washington Post regarding the enormous -and unregulated- role that the elite credit-rating companies (mainly Moody's and Standard & Poor's) play in the world economy. This referenced second article uses the example of the DR, but also about larger economies such as Canada and even Japan as all being vulnerable to the verdicts of these unofficial arbitrators of economic value and risk.
Please find a link below. The WP has free - but required- registration, in order to be able to see their pages. (it's easy to remove cookies later if preferred).
- Tordok
:glasses: :glasses:
Gatekeepers: Shaping Nations' Wealth
Credit Raters Exert International Influence
By Alec Klein
Washington Post Staff Writer
Tuesday, November 23, 2004; Page A01
Second of three articles
http://www.washingtonpost.com/wp-dyn/articles/A5572-2004Nov22.html
Please find a link below. The WP has free - but required- registration, in order to be able to see their pages. (it's easy to remove cookies later if preferred).
- Tordok
:glasses: :glasses:
Gatekeepers: Shaping Nations' Wealth
Credit Raters Exert International Influence
By Alec Klein
Washington Post Staff Writer
Tuesday, November 23, 2004; Page A01
Second of three articles
http://www.washingtonpost.com/wp-dyn/articles/A5572-2004Nov22.html