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Thursday, September 25, 2008

"Pay no attention to the man behind the curtain."


With many thanks to my capable colleague Phil Rothman (that's him on the right)
( http://www.ecu.edu/cs-educ/econ/rothmanp.cfm ) read this about the complicity of the ratings agencies in our current mess, if you can stand it without getting nauseated.

http://www.bloomberg.com/apps/news?pid=email_en&refer=exclusive&sid=ah839IWTLP9s

and a second heaping helping of our latest installment of "Accountants Behaving Badly!"

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ax3vfya_Vtdo

3 comments:

Derek Pszenny said...

There is plenty of blame to go around. Is there any way we can pin it on the French?

Randall Parker said...

Thanks for thinking of this. It slipped my mind.

derek pszenny said...

I cannot take all the credit for this idea. I got it from Milton Friedman(see page 47 of your first book)