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bigpicture.typepad.com - 10/22/2008

S&P: We Knew Nothing! Nothing!

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: We Knew Nothing! Nothing! Repeat that headline in your best Sergeant Schultz voice for maximum effect. Then read the testimony of Deven Sharma, President of Standard & Poors in the same voice: S&P is not alone in having been taken by surprise by the extreme decline in the housing and mortgage ...

Blog Reactions

Calculated Risk:  Credit-Rating Companies `Sold Soul'

Eschaton:  Structured By Cows

The Sideshow:  Shadows on the land

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powerlineblog.com - 10/22/2008

The End of Journalism As We Knew It

— powerlineblog.com — I'm not familiar with columnist Orson Scott Card, but his open letter to journalists is must reading. It appeared first in The Rhinoceros Times of Greensboro, North Carolina. Via InstaPundit : This housing crisis didn't come out of nowhere. It ... (more) The End of Journalism As We Knew It

White House

George W. Bush

Comments vote downundo vote up Blue Crab Boulevard found this 10/22/2008found this

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blogs.tnr.com - 10/24/2008

Ashley Todd, We Hardly Knew Ye

— blogs.tnr.com —   Out of a sense of morbid curiosity, I checked the conservative blogs to see how they're handling the Ashley Todd hoax. Michelle Malkin, to her credit, stated the obvious , which was that the incident was extremely hard to believe. Ace ... (more) Ashley Todd, We Hardly Knew Ye

White House

Michelle Malkin

Comments vote downundo vote up Political Animal found this 10/24/2008found this

1

americandigest.org - 10/16/2008

Just When You Thought You Knew It All

— americandigest.org — Worm Grunting mystery solved! "The vibrations mimic the movements of a hungry mole, the earthworm's arch nemesis." Zooillogix : Of Moles and Men (and worms) Just so wrong on so many levels: How to give pleasure to a killer whale. Get more ... (more) Just When You Thought You Knew It All

Comments vote downundo vote up Maggie's Farm found this 10/16/2008found this

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Credit-Rating Companies `Sold Soul'
Calculated Risk — ... Employees at Moody's Investors Service told executives that issuing dubious creditworthy ratings to mortgage-backed securities made it appear they were incompetent or ``sold our soul to the devil for revenue,'' according to e-mails obtained by U.S. House investigators. Barry Ritholtz has some excerpts of an IM conversation between two S analysts: Rahul Dilip Shah: btw: that deal is ridiculous Shannon Mooney: I know right ... model def does not capture half of the risk Rahul Dilip Shah: we should not be rating it Shannon Mooney: we rate every deal Shannon Mooney: it ...

Structured By Cows
Eschaton — Probably would have been a much better deal.

Shadows on the land
The Sideshow — ... registration drive. This voter purging could mean fewer people voting next month than voted in 2004." "The Power We Are About to Inherit" - Paradox wonders if the Democrats will get into office and recognize the power they hold, and use it the right way. The article has a good shortlist of things we really, really need to do, but I have little faith that a passel of Republicans and their enablers will allow them to happen. Financial danger in rating dubious deals? Who knew? "it could be structured by cows and we would rate it." (via) ...