The justification is that credit rating did not predict or help avoid the last crisis, so what good are they? The new twist: The bankers put their personal and corporate reputations on the line. If you trust the banker, you can trust their bond.
Posts Tagged ‘destruction’
The Competition is Competition Itself
Heisenberg’s uncertainty principle, as an analogy, suggests that the more we know about competition, the less we may know about cooperation. The more we know about cooperation, the less we know about competition.