Just realized that an old quote could be recycled in the context of CPDOs, and ratings in general!!!
“The point is, ladies and gentlemen, that: ratings, for lack of a better word, are good. Ratings are right; ratings work. Ratings clarify, cut through, and capture the essence of the evolutionary spirit. Ratings, in all of its forms, ratings of life, of money, of love, knowledge — has marked the upward surge of risk tolerance and ratings, you mark my words — could had saved not only the CPDO but that other malfunctioning institution called the credit market.”- Hans Byström
The original quote was as follows:
"The point is, ladies and gentlemen, that: greed, for lack of a better word, is good. Greed is right; greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms, greed for life, for money, for love, knowledge — has marked the upward surge of mankind and greed, you mark my words — will save not only Teldar Paper but that other malfunctioning corporation called the USA."
- Gordon Gekko
