Ratings Agency Grilling

Maybe we should send them the tab for this roller coaster ride.

sounds like a plan Aaron!

I saw this live... they grilled this guy so badly I had 2 nanoseconds of pity for him. Then came to my senses and started cheering.

LOL - that dude would NOT answer any direct question.

Its obvious that these credit rating agencies have no clue what they are doing. We must find a better system.

We've been preaching transparency, accountability, and the efficiency of the web to maximize liquidity for the past eight years. The real problem outside of the pure greed was dumb and lazy people. They were too lazy to read page two of the due diligence documentation which is what is required by whomever is pricing the loan or the property to make their pricing decisions. Realcapitalmarkets.com is a place for the larger investment properties or land valued at $5 million or greater where owners, investors, developers, lenders, bankers and brokers may employ RCM1's electronic war-room or virtual deal room (vdr) to organize all of the due diligence documentation and everything else that's required by owners/investors to buy, sell and finance properties from eachother. RCM1 also maintains the most comprehensive qualified database of qualified principals so that regardless of the property or loan, RCM1 has the perfect contact database of qualified principals to drive the necessary competition to maximize investor and shareholder returnes and mitigate any of the risks, especially the risk of allowing a loan portfolio to be sold way to cheap or for only 22 cents on the dollar like Merrill Lynch rather than having the portfolio properly exposed to all the qualified buyers and/or investors via RCM1.