Why are discredited “agencies” dictating economic future?

posted by
July 25, 2011
Our Future Blog    
Posted in PND Commentary

"'Who does Standard & Poor's think it is?' asks Matt Miller, the reasonable and congenial host who represents the 'center' on NPR's Left, Right, and Center. Miller's understandably outraged that this discredited organization still has so much power and influence. But he's asking the wrong question. S&P knows exactly what it is, and so should everyone else. It's the for-profit company which, while masquerading as a credit rating 'agency,' bartered its coveted AAA ratings for increased profits. The real question is why?" (07/24/11)


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