Still more blame in crisis | Arkansas Blog

Friday, March 13, 2009

Still more blame in crisis

Posted By on Fri, Mar 13, 2009 at 12:04 PM

This is inside finance baseball, but important baseball just the same. The credit rating agencies -- which supposedly attest to the strength of corporate debt instruments -- are also major culprits in the collapse.

Some good reading here on the subject of Moody's, based on the work of former Arkansas Democrat-Gazette reporter Jonathan Weil. He moved on to a stellar career in financial journalism, now with Bloomberg. Weil chronicled many of Mike Huckabee's financial shenanigans as governor and, more recently, in exploring his role in a penny stock play.


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