es agences de notation connaissent un problème de gouvernance? La belle affaire. En quoi peut être utile un établissement qui dégrade une note souveraine de 4 crans d un seul coup, sans crier gare, en l absence d éléments nouveaux pour le justifier? S il faut créer une agence de notation européenne, indépendante d une BCE elle-même indépendante, pourquoi pas mais cela ressemble à une usine à gaz, de manière bien inutile. La BCE devrait être dotée,ray ban polarized 3404, à l instar je suppose de la FED, de la capacité d acheter les actifs qu elle souhaite, pour le bien commun et sans avoir à se soumettre à l avis d intervenants douteux. @LothDonc les agences devraient empêcher la création de bulles spéculatives,lunettes de soleil rayban, car renseignant sur la valeur réelle d une actif.Mais alors pourquoi avoir attribué une note AAA aux subprimes avant la crise?Et l avoir dégradé après l éclatement de la bulle Les seules critiques des agences de notation, c est 1) celles qui rappellent leurs erreurs des années passées et 2) celles qui soulignent l indulgence dont bénéficient certains Etats, pas seulement les EUA, mais aussi la France et bien d autres. AAA, c est un peu trop, non ?Quant à la capacité de rembourser des Etats-Unis, elle est aussi à mettre en relation avec l aptitude de ce pays à faire payer des impôts à ceux qui ont les moyens d en payer, à instaurer des taxes crédibles sur l essence, à se passer de forces armées budgétivores Et aucun Parthénon à vendre en pièces détachées Bonjour,C est évidemment beaucoup plus compliqué que AAA aux subprimes avant la crise . Ce qui est certain c est qu il y avait à l époque une sous-estimation généralisée du risque, qui n est pas le seul fait des agences de notation. C est un problème inhérent au mécanisme de titrisation d une dette. Les agences ne sont pas responsables des bulles spéculatives. Mais le problème est totalement différent on ne parle pas ici de sous-estimation du risque on reproche aux agences d être trop sévères (donc l inverse) avec les Etats (donc publics, bons, vertueux, etc tout ceci étant empiriquement faux en matière d emprunts d Etat depuis le 18ème). Or, les agences sont souvent perspicaces en matière de notes basses (les probabilités de défaut sont très importantes dans la réalité). Alors évidemment, certains balaient cela du revers de la main en parlant de prophétie autoréalisatrice donc sans mauvaise note ces Etats vertueux n auraient pas fait défaut. Je n ai pas grand chose à répondre à ces gens là, si ce n est que les agences restent des entités privées,ray ban polaris?ray ban 2013 black, non officielles (mais très réglementées, contrairement à ce qui se dit ça et là), et que personne n est obligé de suivre leur avis ni même de le consulter. Mais force est de constater que tout le monde le fait. Les faits sont têtus mes pauvres amis «C’est un problème inhérent au mécanisme de titrisation d’une dette. Les agences ne sont pas responsables des bulles spéculatives. »Le sénat américain et la commission fédérale tenue dRelated articles:


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