Thursday, December 18, 2008

Snarking Bloomberg

A headline on Bloomberg:
Fed Loans Guided by Raters Grading Subprime Debt AAA
Oh, my God! You mean the Fed is actually relying on ratings provided by major ratings agencies? Can you imagine such a thing? And did you know there are homosexuals in Iran? Shocking, isn't it? Hard to believe, but it's true.

Seriously, dude, this is not news! It would be fine if you labeled it as commentary and called it something like, "Why is the Fed Relying on Raters Who Graded Subprime Debt AAA?" There is a good case to be made that the Fed should be doing its own credit research rather than relying on agencies that have both conflicts of interest and abysmal recent records. And someone else can perhaps counterargue about the dangers of allowing public institutions to pick private sector winners. Whatever. It's all very interesting, but it's not news.

13 Comments:

Blogger Ken Houghton said...

Now, now, you're misreading this: "Fed Loans Guided by Raters Grading Subprime Debt AAA" should be accurately interpreted:

"Only those guys will be willing to leave our TARP-laden debt at AAA."

Thu Dec 18, 07:10:00 PM EST  
Anonymous Anonymous said...

Bank of America database hacked.

Learn more visit to: http://ezinearticles.com/?Web-Site-Traffic---Secrets-to-Increase-Web-Site-Traffic&id=1767974

Fri Jan 23, 07:18:00 AM EST  
Anonymous Anonymous said...

故人のお部屋に残された様々な遺品整理。神奈川の住宅,一戸建て, 千葉 不動産なら神奈川県の不動産会社シティネット。不動産 東京はお任せ下さい!しゃぶしゃぶ(小尾羊)は全世界で700店以上を展開。世界中で愛される本格薬膳蒙古火鍋食べ放題 銀座しゃぶしゃぶの専門店です。
ベネフィットライフなら首都圏の不動産仲介手数料が最大無料でお得!横浜市港北区 不動産,神奈川の住宅,一戸建て, 川崎 不動産,川崎市高津区 不動産,旭区,金沢区,港南区,南区,磯子区,中区など、横浜の仲介物件, ほとんどの新築一戸建てが仲介手数料0円!仲介手数料無料 未公開物件!仲介手数料不要で不動産購入可能!水道救急車はご家庭の水漏れ修理、トイレ詰まり(つまり)、水道 工事
などにすぐ出動します。自分では治せない、蛇口、トイレの水漏れ修理や水回りの取り換え、リフォームや、ビル、マンションなどの改修工事までのお困りの方は即対応の「水道救急車」にお任せ下さい。

Tue Nov 10, 08:40:00 PM EST  
Anonymous Anonymous said...

as a type and as a class of the relations. Coach handbags outlet,The relations between two elementsCheap Coach handbag, in the composition may be considered as two aspects – Discount Coach handbags,we are like fashion handbags and oter thingsDiscount Coach handbag,we have all kind od goods as you likeNewest Coach handbagsit is an object of this invention to provide an improved electronic musical instrument capable of establishing a musical tone to be commensurate with a desired musical component fashion by simple operation. You either love it or you don't.LVDiscount LV OutletLouis VuittonWhen my heart was hardened and my courses constrained I made my hope a stairway to Your forgiveness. Cheap Louis Vuitton OutletMy sin burdened me heavily, but when I measured it by Your forgiveness Lord, Your forgiveness was the greater.newest Louis Vuitton 2010 It can be incredibly youth oriented and very fickle. Its about materialism and can make you or break you. It means getting excited about Fall and Spring. Keep it in check or it can rule your world. Its a lifelong love affair.cheap rain weardiscount rainweardog rain jacketscolorful rain bootsi think fashion is something you wear obvouisly, or however that word is spelled, and it tells you what kind of person you are.And smart clothing has acquired an altogether new meaning today. It simply does not mean dressing in a chic manner but dressing in a technical manner. Cheap Jeans outletDiesel JeansLevis JeansWholesale Ed Hardy JeansDiscount Jeans outletImagine this, clothes fitted with solar panels so that they generate the necessary heat to keep you warm in the extreme cold as and when you want. Can you beat that? Certainly not!cheap abercrombie fitchdiscount abercrombie & fitchdiscount abercrombie and fitchabercrombie fitch outletwholesale abercrombie fitchIn fact these days, clothes are stain-resistant and even waterproof.ed hardy wholesalecheap ed hardy wholesalediscount ed hardy wholesalewholesale ed hardyed hardy outletFloral prints are also in for this summer.

Wed Mar 31, 06:07:00 AM EDT  
Blogger weddingdresses said...

Power Balance bracelet is made of pure surgical grade silicone that is extremely durable. Its stretch feature optimizes users' comfort level. It comes equipped with two, visible power balance holograms and this sporty and stylish bracelet goes with everything.

Specification:

Silicone Power Balance Wristband Bracelet
The band made of 100% silicone rubber
With 2 visible hologram disks for balance power,waterproof.

nike running shoes

Wed Nov 24, 01:42:00 AM EST  
Anonymous baixar mobogenie said...

Great post. i like it. feeling great when reading your post .
----
i like play game jogos click online free and apply baixar facebook gratis online free and apply mobogenie baixar online free

Thu May 28, 09:55:00 PM EDT  
Blogger Phạm Vinh said...

Never mind Quà tặng doanh nghiệp what your girlfriends Công ty quà tặng ở Hà Nội say
Deep inside Móc khóa da I’m quite okay
I may Móc khóa khui bia have fooled around Móc khóa mica once or twice
But I really
need you

Wed Jul 13, 05:22:00 AM EDT  
Anonymous Băng tải công nghiệp said...

There is a good case to be made that the Fed should be doing its own credit research rather than relying on agencies that have both conflicts of interest and abysmal recent records.

Sat Aug 06, 12:29:00 AM EDT  
Blogger casinoxo said...

มาดูหนังออนไลน์แสนสนุก ดูหนัง The Knight Before Christmas อัศวินก่อนวันคริสต์มาส (2019) ได้ง่ายๆที่นี่ ดูฟรี ดูหนัง HD ]
https://www.doonung1234.com/

Tue Mar 24, 10:56:00 AM EDT  
Blogger Sabse Achcha said...

I like to know about more details info and point to point explain it..
Checkout the latest details regarding Ghee online available.
सबसे अच्छा घी

Sabse Accha Treadmill Konsa hai ghar ke liye cardio workout karne ke liye
सबसे अच्छा ट्रेडमिल

Fri Dec 25, 01:18:00 AM EST  
Blogger Urmi Shghal said...

We are a self-sufficient Surat Escorts Agency that has picked the premier blessing day, awesome, and warm desire younger girls in town in addition absolutely sudden locales of city, as a sample nearby cities in Surat, to skip on you the proper doses of vitality. These town desire girls are sure and coached younger ladies, World Health Organization understand your wants and have each one of the aptitudes to make every second proceeded with them an difficulty to recollect. Every one of our younger women clothes keenly and have all round tailored our bodies that in an relatively blaze stands out adequate to be noticed. These wonders manipulate themselves extraordinarily properly and are remarkably specific regarding their cleanliness. You are sure to stop up dispiritedly refined on with their connecting with approaches that,the second you meet them.
Surat Escorts Agency | Surat Escorts | Surat Escorts Services

Sun Jan 24, 06:53:00 PM EST  
Blogger Shivani Sharma said...

you'll really delight in the fulfillment of foreplay with the phenomenal Female Escort of Ahmedabad and that will basically last after a long time-frame. You need to should digital book us for this exceptional ahmedabad escorts administrations
sabarkantha escorts
somnath escorts
surendranagar escorts
himatnagar escorts
surat escorts

Fri Feb 12, 05:41:00 AM EST  
Blogger femalelove4u said...

You will appreciate investing energy with them since they are ideal young lady for night clubs and gatherings. These young ladies offer various sorts of suggestive assistance which incorporates sex, distinctive kind of tempting dance exhibitions, verity of genuine sex, and numerous others. Celebrity accompanies in Kolkata are a finished bundle of fun and delight. You should have a go at putting cash in their administrations in the event that you are searching for something rich in your sexual coexistence.

mountabu escorts
alipurduar escorts
bankura escorts
birbhum escorts
cooch-behar escorts

Wed Feb 17, 04:31:00 AM EST  

Post a Comment

<< Home