Tuesday, September 14, 2010

Exec Who Blew Whistle on Moody’s Ratings Sues for Defamation

by Marian Wang from Pro Publica.

It seems to me that this article supports the argument that many knowledgeable people in the financial services industry were aware of the developing financial explosion; but because there was just too much money to be made, they all went along with the game and the deceptions. Huge profits that are possible by gaming the capitalist system are far more addictive than any chemical drug.