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
at

3 comments:

  1. AnonymousSeptember 25, 2008 at 4:43 PM

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

    ReplyDelete
  2. Randall ParkerSeptember 25, 2008 at 6:35 PM

    Thanks for thinking of this. It slipped my mind.

    ReplyDelete
  3. AnonymousSeptember 26, 2008 at 10:05 AM

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

    ReplyDelete