The buck or two is such an understatement.
Posted on Calculated Risk
From Kevin G. Hall and Chris Adams at McClatchy Newspapers: Senate panel: Ratings agencies rolled over for Wall Street
- A Senate panel investigating the causes of the nation's financial crisis on Thursday unveiled evidence that credit-ratings agencies knowingly gave inflated ratings to complex deals backed by shaky U.S. mortgages because of the fees they earned for giving such investment-grade ratings.
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King Solomon, circa 850–900 BC, the wisest and wealthiest man of his age, wrote in Ecclesiastes 10:19, “A feast is made for laughter, wine will make you merry, but money answers all things!”
Yes it is all about the money, folks!
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