The RATE-ARDs at $MCO Moody's and S&P $SPGI have too much influence over companies - case in point is $INVH which owns 80k single family homes with a loan-to-value (LTV) of just 32%. Somehow this company is NOT 'investment grade' and they are de-levering...
2/ to appease these idiot rating agencies. Consider that people typically put down only 5-10% of the purchase price of a home (the rest is financed with a mortgage at an LTV of 80%+). Of course there is one recent example of a situation where the US housing market blew up -caused
3/by rating agencies who in pursuit of fees did whatever $BAC $GS $MS $C $JPM etc told them too - rating hundred$ of billion$ in garbage debt as investment grade creating a housing bubble followed by a global financial crisis truthout.org/articles/the-i…
4/yet over a decade later we have companies run by people infinitely smarter than the idiots at the rating agencies who manage their affairs according to the whims of these short bus riders. Why can't bond managers $BLK $LM #Pimco $JNS just think for themselves? 
instead we have non-sensical ratings put forth by the dumbest kids in the room governing the behavior of talented corporate executives. This system makes no sense. $SPY $IWM $TLT $ARKK #stocks #investing #ratingagencies #Moodys #ThinkingIsNotAllowed
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