Moodys on Japan and the Eurozone - Stating the Obvious

By Claus Vistesen: CopenhagenI shall openly admit that I have always found the exact role of the rating agencies a bit odd in the global financial system. I mean, do we really need them to tell us which bonds are good and which are not? I am not sure and what is more; rating agencies sometimes, if not all the time depending on their ability to stay in