IMO this should be front page news around the world but, alas, the drive by media will make quick mention of it and move on.
Assuming what New York University’s Stern School of Business Professor Rosa Abrantes-Metz and Albert Metz, a managing director at Moody’s Investors Service, concluded in a draft research paper is correct, we’ve all been duped. I am only amazed that the Federal Reserve isn’t/wasn’t in on this as well.
Thoughts? Possible changes? Doubtful and why only since 2004?