The Last Mystery of the Financial Crisis by Matt Taibbi


A little late.

The Secular Jurist

What about the ratings agencies?

That’s what “they” always say about the financial crisis and the teeming rat’s nest of corruption it left behind. Everybody else got plenty of blame: the greed-fattened banks, the sleeping regulators, the unscrupulous mortgage hucksters like spray-tanned Countrywide ex-CEO Angelo Mozilo.

But what about the ratings agencies? Isn’t it true that almost none of the fraud that’s swallowed Wall Street in the past decade could have taken place without companies like Moody’s and Standard & Poor’s rubber-stamping it? Aren’t they guilty, too?

Man, are they ever. And a lot more than even the least generous of us suspected.

http://www.rollingstone.com/politics/news/the-last-mystery-of-the-financial-crisis-20130619

View original post

Advertisements

About dellinger80

@jdellinger Modernity's Champion, world traveling North Georgian, former Washingtonian Business Development Manager for @DialogNewMedia.
Political Insider blog

AJC blog about Atlanta politics, Georgia politics, Georgia and metro Atlanta election campaigns. Because all politics is local.

New York Post

Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.

My Black Lab

Have Fun

Invisible Mikey

philosophic topics and the arts

The Matt Walsh Blog

Absolute Truths (and alpaca grooming tips)

Freelance Writing for Newbies

Writing Tips, FAQs & Bailiwicks

D.C. Crime Stories

The good, the bad, and the city.

9to5Mac

Apple News & Mac Rumors Breaking All Day

Conservative Tribune

Surly yet civil commentary.

The Tea Party Economist

Surly yet civil commentary.

Affluent Investor

Surly yet civil commentary.

Cynthia Farahat

Surly yet civil commentary.

Liftable.com

Surly yet civil commentary.

The Wildcard

Surly yet civil commentary.

Liberty Alliance

Surly yet civil commentary.

Joe For America

Average Joe, Encouraging Americans to stand up for America!

Minutemen News

Surly yet civil commentary.

Patriot Update

A Free Press for the Conservative Revolution

Clash Daily

Surly yet civil commentary.

Deneen Borelli

Surly yet civil commentary.

%d bloggers like this: