Is this the most outrageous quote yet from a financial analyst?
It might be. It involves Standard & Poor’s... and cows.
"We rate every deal . . .It could be structured by cows and we would rate it."
An unidentified Standard & Poor’s analyst joked in 2007 about the risky mortgage investments his company was approving, according to U.S. Justice officials. The government is now suing the firm for its part in the financial crisis.
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