Macro Marco

Welcome back Franco fan! Please share your thoughts and leave some comments!

I would like to introduce a new friend of mine and guest writer to Frugal Franco who goes by Macro Marco. As his name suggests, he is all about macro economics and has written the following article to explain the role credit rating agencies play in the market.

Franco

Many investors are feeling the pain of being left with close to nothing after putting their money in previously believed to be “safe” investments. They feel betrayed, lied to, and cheated. After all, they were told by the credit rating agencies (CRA) that their investment was of the highest grade possible with only an infinitesimally small chance of ever losing money. So what went wrong? Are the CRAs broken?