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  1. 11-01-2012, 07:30 AM #11
    modandm
    modandm is offline
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    by the way tim - you should be ashamed of the article you wrote for the herald.

    If anyone missed it - tim argues against mandatory ratings for debt issues to retail punters arguing:

    1. The rating agencies messed up with the GFC so why trust them
    2. Ratings just give advisors a cop-out
    3. Ratings are expensive to get

    My view on things is this:

    Does having mandatory ratings increase the protection of retail investors?
    Does it do so at a reasonable cost?

    THE ANSWER IS YES!

    A cynic might wonder what IFT's currently listed bonds would be rated as. It seems to me not too highly. Perhaps IFT prefers to pull the wool over mum and dads eyes. SHAME!!
    Last edited by modandm; 11-01-2012 at 07:54 AM.
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