Ritholtz's Reads: Ratings Firms and the Fiscal Bogeyman

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Fresh from the Pearl District in Portland, Oregon, our West Coast-sourced morning reads:

  • What Crisis? Big Ratings Firms Stronger Than Ever (WSJ), see also Moody’s to Pay CalPERS $130M for ‘Negligent’ Ratings (Chief Investment Officer)
  • Should I Buy Diamonds, Wine or Picasso? (Bloomberg Gadfly)
  • Subprime Flashback: Early Defaults Are a Warning Sign for Auto Sales (WSJ)
  • Confronting the Fiscal Bogeyman (Project Syndicate)
  • Most Americans Say Government Doesn’t Do Enough to Help Middle Class (Pew Research Center)
  • Chris Rock Explains Bias Blindness (Above the Market)
  • Modeled After Ants, Teams of Tiny Robots Can Move 2-Ton Car (NYT)
  • Surprise! NSA data will soon routinely be used for domestic policing that has nothing to do with terrorism (Washington Post)
  • Say “Hello” to the Era of the One-Word Song Title (Priceonomics)
  • Why daylight saving time isn’t as terrible as people think (Wonkblog)

Be sure to check out our new Masters in Business interview with Jack Bogle, founder of the Vanguard Group and inventor of the index fund.

Souring on Startups

Source: WSJ

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Zara Kessler at zkessler@bloomberg.net