Saturday, August 6, 2011

Who Cares What Standard and Poor's Thinks?

One of the most disturbing aspects of the financial crisis is that so many people who couldn't get a job writing the daily horoscopes still have their financial forecasts taken seriously.
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2 comments:

  1. JonAugust 8, 2011 at 8:29 PM

    The same idiots told us the credit default swaps were AAA.

    ReplyDelete
  2. VinnyAugust 13, 2011 at 8:29 PM

    To be precise, they told us that the mortgage backed securities were AAA and that the firms like AIG that wrote the credit default swaps on the mortgage backed securities were AAA.

    ReplyDelete

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