D‘(igi) Creative Rating Cosmetics (2020)

ONCE UPON A TIME … THERE WAS A EUROPEAN UTOPIA (I – VI) DO YOU REMEMBER? (I - XII) -RATING AGENCIES: BADLY OVERRATED – REGULATORS AND INVESTORS RELY TOO HEAVILY ON CREDIT RATINGS -GERMANY‘S BENCHMARK STATUS UNDER THREAT -SEC PLEDGES OVERHAUL OF RATING AGENCIES -CLOUDS OVER GERMANY‘S FINANCIAL CENTER -RATING AGENCIES – EXCLUSION ZONE -PARIS TO TARGET CREDIT RATING AGENCIES AT G7 -PRESSURE ON CDO RATINGS -GERMANY FORCES BLOCK ON CREDIT RATINGS -CREDIT RATINGS INDUSTRY COMES UNDER ATTACK -A SPECIAL REPORT ON FINANCIAL RISK: NUMBER-CRUNCHERS CRUNCHED – THE USES AND ABUSES OF MATHEMATICAL MODELS -MORE WRONGDOING AT BANKS, MORE SWINGEING FINES, NO PROSECUTIONS -THE CREDIT RATING CONTROVERSY „DEVEOPMENT“ (!) – AT WHOSE COST?! (I – III) GLOBAL PUBLIC DEBT AMERICA’S FOREIGN CREDITORS „THESE CUPS ARE MADE OF CHINA“ „WHAT‘S WORTH MORE THAN MONEY? PROBABLY GOLD? – PROBABLY LAND …“ CREDITORS VS DEBTOR COUNTRIES SYSTEMIC RISK SYSTEMIC RIGGING „THE GREAT EUROPEAN RIP-OFF“ MUTUAL DEBT THE EMPEROR‘S NEW CLOTHES (I - VI) EUROPEAN „CREDITOR“/„DEBTOR“ UNION „DEBT … AROUND THE CLOCK“ TOP TEN DEBTORS “SOIL N CITIZENS ON SALE”: “LAW’s” EARTH BACKED SECURITIES (I – XI) REMINDERS ON THE ORIGIN OF POVERTY AND „WEALTH“; WAR AND „PEACE“ (I – VI) „ABRACADABRA” – FINANCE COSMETICS „MAYBE-U-BELIEVE“ (I - VI) „WITH A LITTLE HELP FROM MY PRIVILEGED FRIENDS” FINANCIAL GLOSSARY – YOU GET IT?! (I – XXIV) WHY DON’T YOU JUST CUT IT!!! (I – II) UNEASY SOURCES AND REMINDERS