{"id":194391,"date":"2008-09-26T05:17:00","date_gmt":"2008-09-26T10:17:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/26\/must-read-on-history-of-ratings-and-how-they-destroyed-wall-street\/"},"modified":"2008-09-26T05:17:00","modified_gmt":"2008-09-26T10:17:00","slug":"must-read-on-history-of-ratings-and-how-they-destroyed-wall-street","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/26\/must-read-on-history-of-ratings-and-how-they-destroyed-wall-street\/","title":{"rendered":"Must Read on History of Ratings and How they Destroyed Wall Street"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=ah839IWTLP9s&amp;\">Part I<\/a> and <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=ax3vfya_Vtdo&amp;\">Part II<\/a>.<\/p>\n<p>Short form:  Each time one of the agencies found a new way to call a pile of manure a pony, another organization found an even more extreme way to do so, so as to ensure that they would not lose customers.<\/p>\n<p>A race to the bottom that was inherent in the system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part I and Part II. Short form: Each time one of the agencies found a new way to call a pile of manure a pony, another organization found an even more extreme way to do so, so as to ensure that they would not lose customers. A race to the bottom that was inherent in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004],"tags":[],"class_list":["post-194391","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194391"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194391"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194391\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}