Wall Street Noir: Moody's "Double Agent" Ratings
204 Comments | Posted September 28, 2010 | 03:54 AM (EST)
What happened to Moody's is what happens to every "agent" who thinks he can serve two masters. The sad thing is that it keeps happening, even though we've seen this movie before.
Credit rating agencies are supposed to monitor debt that's issued by financial institutions and governments. It's their job...
Parasites, Politics, and the Press: Social Security Attackers' Covert Ops
64 Comments | Posted September 24, 2010 | 05:19 PM (EST)
This week Leonard Downie, the former Executive Editor of the Washington Post, attacked blogs in general and The Huffington Post specifically, saying they're "parasites" who live off "journalism produced by others." His comment would have carried more weight if Downie's old newspaper still produced all its own journalism,...
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