Monthly Archives: July 2011

Get the US Government Out of Lending & Insurance Businesses

I’ve done lots of things in my life in financial businesses.  It’s given me a chance to see a lot of different businesses from different angles. One thing that surprised me as I learned, was how many places the US Government had lending and insurance programs.  Housing, Agriculture, Veterans, Shipping, Exports, Imports, and more. But […]

US vs Moody’s, S&P and Fitch

The rating agencies are the whipping boys of the market.  Like princes who had a whipping boy to take the hit for their transgressions, so the rating agencies take the hit that should go to the regulators, which delegated their  credit-risk responsibility to the rating agencies.  That works out well for all, in one sense: […]