Date: August 27th, 2007

A symbiote’s life is not a happy one: Part 1, blaming the raters

27 August, 2007 (09:45) | Markets, Subprime, US News | No comments

“Symbiosis — threat or menace?”

 
That, at any rate, is the accusatory damned-if-you-don’t thesis presented by the Wall Street Journal in a lengthy and intriguing, albeit insufficiently interpreted article on the subprime mess and the contributory, one might even say enabling, role plated by the trio of rating agencies:
 

I know whom I’m going to blame!
 
– [...]