The Whiteboard: What is a ratings agency, anyway?
Get it on the whiteboard, pronto!
Here’s how I look at it. Imagine a house, full of medical students, none of whom have a car.
One day, John moves in. He has a very nice new VW Jetta TDI SportWagen, and he is immediately bombarded with requests from his housemates to lend him the vehicle for one thing or another. They’ll pay him…
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