Law professor John Coffee explains why major credit rating agencies inflated their ratings and how they caused America’s financial collapse.

Category: Analysts, Bailouts, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “John Coffee: Blame Ratings Agencies”

  1. Sircornflakes says:

    I see we’re still shooting the messenger.

    Funny how some people were able to do due diligence and see that the ratings meant little.

    But yeah, blame S&P for decades of bad fiscal management and demographic shifts.

  2. ilsm says:

    flakes,

    It was monetarism, that egged on bad fiscal management. And the boomers paid in to SS, despite the right’s instiance they won’t honor SS and medicare special treasuries.

    Yes, the ratings are inflated.

    wall st is insolvent in spite of all the liquidity.

  3. Sircornflakes says:

    My point, ilsm, is that some smart people did their work and saw through the ratings to see the underlying was garbage.

    Fat free on a food label doesn’t make it so.

  4. [...] Jon Stewart’s Daily Show interview with Columbia law professor John Coffee is great. To have credit rating agencies discussed on a popular national comedy show is fantastic. The more the public knows about these powerful agencies, the better. [...]