Think Twice Finance

Dumb, Dumber and Dumbest: Save Us from Phoney Continental Capitalism

dumb-and-dumber.doc

Of all the silly scapegoating following the high-risk mortgage problem, none was so mind-bogglingly bizarre as the agreement between the French and the German Heads of State (hereafter the HOSes) that the rating agencies should be made more transparent. That idea is so dumb at so many levels that I had to sit down and repeat my mantra for a full hour after I finished reading about it, just to be a able to make the morning coffee.