"This American Life" is a great radio show. And this is a great episode: The Watchmen. It looks at the regulators and the rating agencies and asks the question, how did we get here. If you have an our, you or so, take a listen.
(This is a great show generally worth catching. If you can't listen on the radio, a download is available (see the link above) but it costs money for network bandwidth - more than 100K every year. You can give then a buck or 2 by clicking on this link.) Ain't no such thing as a free lunch.
Tuesday, June 16, 2009
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