It’s a lot to be proud of, this independent capitalist system that tells the government to get lost.
Except when it doesn’t.
Headlines yesterday were Fed Chair Ben Bernanke saying the bank will extend its lending facility for investment banks for another couple of months if needed. The Fed is also working with the SEC on improving […]

Filed under: Credit Crunch, Technology, regulation, risk | No Comments »

Ah ha! Credit rating agencies seem to have been up to no good. There’s a big surprise. In the US, the SEC issued the findings of a 10-month report which found all three agencies – Moody’s Standard & Poor’s and Fitch Ratings had “sacrificed quality for profit” as the Journal headline put it.
The report included […]

Filed under: Technology | No Comments »