[ExI] AIG Bail out
kevinfreels at insightbb.com
Thu Sep 25 02:45:25 UTC 2008
> No need to examine every mortgage, if they just picked 10
> at random out of the 2400 they would have found about 4 that
> were of this sleazy nature, but they didn't do that, they
> couldn't be bothered. "We aren't load officers" they sniffed.
> Instead Moody's just assumed everything the bank told them
> was true. If any company deserves to go belly up it's Moody's.
> Like everything else Capitalism has its excesses and this is
> certainly one of them.
I have to agree here, and I'm usually on the other side of such arguments.
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