WSJ: How Rating Firms' Calls Fueled the Subprime Mess
August 2007 · 1 minute read
This piece was written during my career in institutional investment management, prior to joining Midwestern Baptist Theological Seminary in 2017. It reflects the unique circumstances of the time, and my analysis thereof; it is preserved here for the historical and intellectual record.
Today the Wall Street Journal published a Page One story on the subprime mortgage market entitled “Credit and Blame: How Rating Firms’ Calls Fueled the Subprime Mess”. Aaron Lucchetti and Serena Ng did a nice job of presenting a balanced story examining the crisis from the standpoint of the rating agencies. Yours truly is quoted on A10.