Why we Stay Stupid
Cutting right to the chase: Paul Kedrosky reports that a book written by blogger Barry Ridholtz has been deep sixed by publisher McGraw Hill reportedly because Ridholtz dared to criticize Standard and Poors, the owner of McGraw Hill. Most of you who read this blog are well aware of the conspiracy between the rating services and the investment banks to rate stuff that is ZZZ triple AAA thus assuring a stampede of dopes like us who believed in the system. Check out this link and then if you're curious you can go deeper. The whole game has been rigged from the get go......
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