What a Mess

4 01 2009

Tim O’Reilly has referred another goodie today. I found the information about the credit rating agencies like Moody’s very interesting. I forgot about them. Why weren’t they doing their job? 

The End of the Financial World as We Know It

When  you get to the end of the article, make sure to click the link entitled: 

Continued at “How to Repair a Broken Financial World.”

The authors speak about the revolving door between the S.E.C and Wall Street. Smacks of collusion to me.

The report sent by Harry Markopolos to the S.E.C in 2005 alerting them to the Bernard Madoff ponzi scheme can be found here:

http://www.slideshare.net/hblodget/markopolos-madoff-complaint-presentation?type=document

 

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