A symbiote’s life is not a happy one: Part 4, look around you
[Continued from yesterday's Part 3 and the previous Part 1 and Part 2.]
Hubris, the Greeks knew, was always followed by nemesis.
In the subprime residential lending sector, the Wall Street Journal’s lengthy article has documented how the rating agencies’ looser credit standards proved both popular (volume boomed) and successful (few defaults). Everyone was happy, [...]
