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NewsWhore
07-10-2012, 12:30 AM
Man Who Knew Too Much About Ratings Says They Aren't Meaningful (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNENy7x0UnRfIi54Bj6TPBbGsyiXwA&url=http://www.bloomberg.com/news/2012-07-10/man-who-knew-too-much-about-ratings-says-they-aren-t-meaningful.html)
Bloomberg
“They're there because people have to have them, not because people believe in them,” David Jacob, who was fired from S&P in December, said in an interview at Bloomberg headquarters in New York. “Maybe retail investors do, that's the unfortunate part ...

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