Saturday, November 15, 2008

Looking for people to hang

Why did the media fail to raise the alert that the American economy was about to go down the shitter? Conflict of interest. Makes sense, but it doesn't explain why almost every professional economist made the same mistake. The worst culprits are the credit rating agencies, who allowed their massive conflicts of interest to corrupt them to the core. Why isn't there more of an outcry about these jokers?