The regulation on the restriction of short selling and trading in credit default swaps, voted on by the European Parliament a month ago, once again demonstrates the chronic inability of European leaders to put into practice their previously stated intentions on a given issue. The decision in question was declared “key” in …

The first part of the article can be found here. The Big Three The three largest official agencies that largely dictate the rules of the market are: Moody's, headquartered in the US, and the company holds a 40% market share. The largest shareholder in Moody's is Warren Buffett's company Berkshire Hathaway Inc; …