Investments - The case of Lehman Brothers
The damage caused to investors by the collapse of Parmalat and Cirio is nothing compared to what is having the bankruptcy of Lehman Brothers . It is estimated that in our country have been placed in financial products thereof, such as bonds and insurance policies, worth between 1.6 and 1.8 billion euros.
One should not bandage your head because, according to some consumer groups is not entirely lost; the same advise investors to proceed through legal channels. Some investors, in fact, have turned to the courts and sued the agency rating Standard & Poor's to the Civil Court of Milan, asking 3.9 million for compensation for the capital they have invested in the securities of Lehman Brothers.
These investors want to be checked the responsibility of rating agencies, as has widely publicized and incorrect information on the solvency of the bank and did not observe the principles and rules of conduct that was required to follow. Consumer groups complain that the S & P has had a negligence and omission, and has caused damage to savers.
Monday, December 15 at the Bocconi University of Milan, Prof. Pierangelo Dacrema (Professor of Financial Intermediaries at the University of Calabria), presents his latest book, "The crisis of confidence, the faults of the rating in the collapse of global finance", where explicit because the rating agencies are the main culprits of the crisis.
According Dacrema "2008 was the year of the earthquake: the building of global finance has collapsed. Rules and inadequate control systems, low-cost excess liquidity and not always accessible to those deserving, greedy bankers and unbridled financial innovation were, by all accounts, the main components. But few have identified the item that has given the event a rate as to make the situation completely uncontrollable: the rating. "
What is the rating?
The rating is the rating that a company with experience in the field, expresses the quality of the issuance of debt and the reliability of who issues them.
The three major rating agencies are Standard & Poor's, Moody's and Fitch, which are also called the three sisters.
Related Articles:
Earn Money with Forex in less than 5 minutes a day
English-Italian, with a simple online translator, and subscribe to FREE Forex Signals 
Congratulations on l \ 'article! My compliments for this article! Thank you!
Very interesting article written in a simple manner.
Congratulations and thanks for the information received.