Overnight Howler at the NYT’s ‘Room For Debate’: ‘Default Is Impossible’
On Monday, the New York Times assembled a panel of alleged experts in its Room For Debate section . Each weighed in on Monday's ratings agency outlook downgrade by Standard and Poor's in an item entitled “Is Anyone Listening to the S.&P.?” (Don't ask me why “the” is there. It shouldn't be; the item is about the firm Standard and Poor's, not “the” Standard and Poor's stock index.) One of the contributors was Yves Smith. Ms. Smith “writes the blog Naked Capitalism. She is the head of Aurora Advisors, a management consulting firm, and the author of 'Econned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.'” Wait until you read Ms. Smith's reaction to S&P's move after the jump (bold after title is mine): S.&P. Should Be Embarrassed
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on April 20, 2011. Filed under