"People are not going to believe the ratings for some time to come. Having said that it wasn't only the ratings agencies, there was an awful lot of other smart people who were wrong."
-- Stephen Farrier, ceo of CirclePoint Asset Management, on the effect on investors of large-scale rating agency downgrades of asset-backed securities.
20 Dec 2007
"People are not going to believe the ratings for some time to come. Having said that it wasn't only the ratings agencies, there was an awful lot of other smart people who were wrong." Stephen Farrier, ceo of CirclePoint Asset Management, on the effect on investors of
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