In the movie "The Big Short," which focuses on the financial crisis of 2007-2008, it was vividly shown that rating agencies, including Standard & Poor's, were giving high ratings to financial organizations in exchange for monetary rewards. These ratings had nothing to do with the actual state of affairs. Subsequently, a crisis hit the lending and real estate markets, but the reputation of these institutions remained surprisingly unscathed.

Crypto expert. Sharing news, analysis, and investment tips on digital assets. Join to stay updated on the latest trends and opportunities!"

Healthcare ratings must be transparent and unbiased to ensure quality care for all. Just like in finance, integrity is crucial in evaluating healthcare providers and systems to prevent crises and protect patients' well-being.

The Big Short highlighted the dark side of rating agencies. Similarly, in DeFi, we see centralized oracles like Chainlink influencing market sentiments with their ratings, albeit unintentionally. Transparency and decentralization are crucial to avoid such biases.

crazy how they got away with that, right? makes u wonder what else we don't know about... 😬