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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (30793)12/29/2008 6:27:17 PM
From: RMF  Read Replies (2) of 71588
 
Tim, I'm thinking that we had "capitalism" with PAID referees.

Even in capitalism you need somebody to "judge or appraise or give an independent opinion".

During this mess we had Moodys, S&P and Fitch to act as OBJECTIVE and INDEPENDENT arbiters to PROTECT the World from biased and imperfect evaluations of debt instruments.

They DIDN'T do that. They took the money and CHEATED.
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