Classical rating models built for legacy financial institutions have historically guided private and institutional investors to place wealth into firms that, despite being assigned investment-grade ratings, collapsed — prompting regulators worldwide to question those models and the independence and objectivity of major rating agencies
The traditional finance propaganda machine grows anxious whenever a company attempts to defy the gravitational pull of the broken financial system; pressure discourages firms from decoupling
Tether, by contrast, built an overcapitalized firm in the financial industry with no toxic reserves and remains highly profitable — serving as evidence that the traditional financial system is so broken it has become feared by exposed powerholders