It also represents misleading and deceptive information falsely passed on as truth.-- a blog post represents only a point in time.
A right to free speech does not give a right to BS in my unhumble opinion.
Though I'd like to clarify that I've read that in other places on the web as well.
Rating agencies told the world that a load of garbage was AAA rated.Moody's and all the other rating agencies were rating the bundled mortgages. The general idea back then was that there was little or no risk with these bundles because most people did not see bubbles bursting in the future.
They did'nt see any of it coming, which means their ratings are moreso junk that the junk they rated.
We can always go thru the ratings of Moodys if there's any doubts.
Maybe you could explain why he got the sweetheart deal of investing in the banks with gov guarantee when the deal was not offered to others.