Quote:
Originally Posted by glchen
I don't think this is the best analogy. The major TPG's back up their grades. That is, if they make an error, they will compensate the owner of the card the difference between the price that the owner purchased the card for and the market value for the card at the revised grade. Credit rating agencies obviously don't offer any kind of compensation if the rating that they provided proved incorrect.
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Yeah, IF they acknowledge the error. Big IF. "The graders stand behind the grade."
Just look at David Hall's defense of the Wagner.
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