[Read free ebook] The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness (Cornell Studies in Political Economy)
||0 of 0 people found the following review helpful.| Risk is OUR Business - Unmasking the Mystery of Rating Agencies|By William Dahl|A journey into a cavern of capitalism that is rarely explored.
The assessment of financial risk in society evolves. In this volume, one gets a guide to the inner working and evolution of Moody’s, Fitch and Standard & Poors. Yet, it is vastly more than that.
As Associate
In The New Masters of Capital, Timothy J. Sinclair examines a key aspect of the global economy—the rating agencies. In the global economy, trust is formalized in the daily operations of such firms as Moody's and Standard & Poor's, which continuously monitor the financial health of bond-issuers ranging from private corporations to local and national governments. Their judgments affect unimaginably large sums, approximately $30 trillion in outstanding d...
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