Saw her interviewed by Brian Lamb (C-Span) last weekend.
What is interesting is how so much of this Wall Street 'game' keeps coming back to Goldman Sachs (she used to work there also). We had a thread here some time back - I listed all the G.S. players ...many now in positions of power in this Administration.
The GOLDEN RULE - still applies. **yawn**
But I do agree - she feels the rating agencies got to a point where they wanted to be "liked" by the companies they rated - to hell with impartial analysis and proper reporting.
P.S. - she also stated that while the public is properly outraged and wants some heads to roll and perp-walks, she feels there were never any actual laws broken, IE: we get the government oversite we deserve? Sad - but true. So Madoff goes to prison - Wall Street gets Golden parachutes and we (taxpayers) get handed one LARGEAZZ bill!
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Don't fear the reaper.
Last edited by Mo_Gearhead; 11-17-2010 at 01:16 PM..
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