Only very few people are brave enough to call the financial crisis what it really is and that is financial terrorism.
One of those few people is Max Keiser:
The entire financial crisis is an engineered crisis. It’s a controlled demolition.
The elite is looting and bankrupting the people everywhere, and when the people will finally beg in total despair for a solution, then the elite will present to them the New World Order (world government, a new world reserve currency etc.) as only possible solution to all the problems that the elite has created in the first place.
The elite controls/owns/runs governments, central banks, Wall Street, the mass media and of course useless rating agencies (that gave AAA ratings to bundled junk).
Credit Rating Agencies Playing Big Roll In European Debt Crisis
NEW YORK — The downgrading of European debt is turning up the heat on the firms that issue the ratings.
Some European officials are calling for curbs on rating agencies like Standard & Poor’s, Moody’s Corp. and Fitch Ratings. They argue that conflicts of interest and bad information make the agencies’ assessments unreliable, even dangerous.
Germany’s foreign minister went so far Thursday as to suggest that the European Union should create its own rating agency. He spoke after downgrades of Greece and Portugal roiled financial markets and stoked fears that Europe’s debt crisis was spreading.
How ratings agencies are paid is also coming under scrutiny. The money they earn comes from the institutions whose products and debt they rate – a point of contention in the U.S. and Europe. At a hearing last week on the agencies’ role in the financial crisis, U.S. Sen. Carl Levin called that pay system an “inherent conflict of interest.”
Legislation in Congress to overhaul the financial regulatory system could change how the rating agencies do business. Critics (= Analysts, economists, investors that are not bought and paid for by the elite.) note that the agencies gave safe ratings to high-risk U.S. mortgage investments that later imploded, triggering the financial crisis and a deep recession.