Is this the most outrageous quote yet from a financial analyst?

It might be. It involves Standard & Poor’s… and cows.

Infertile ground

“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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Is this the most outrageous quote yet from a financial analyst?

  1. Well the folks at the SEC spent their days watching porn apparently. Had a whole library of it.

    So ‘outrageous’ is a matter of opinion.

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