Archive for September, 2008

How we got here

Bloomberg put together a pretty darn impressive two-part series on the blame for today’s crisis that is assignable to ratings agencies. First, PART 1: how the ratings agencies let loose the AAA bonanza of structured debt obligations (part one), then PART 2: how it made billions for Wall Street only to have the bottom fall out (part two).

The fact that these guys did what they did and get stay in business — while their former customers crater and leave irreparable damage on shareholders and taxpayers — is appalling at best. It’s a damn shame.

September 25th, 2008

Google to blame for the UAL fiasco?

Hardly. And that’s what the SEC will find when they close their inquiry. Coming from a guy with a background in publishing platforms, the Sun-Sentinel should have had controls in place to keep the Googlebot (the automated web crawler) from gaming their ranking. When Google visits your site, they leave footprints everywhere. There’s no excuse for treating it like an actual person, which is exactly what the Tribune tech folks did.

I predict a quiet reorg at the Tribune, and a little but of soul searching in the market as to why they’ve believe anything at this point.

September 12th, 2008

About

I'm Ruben Miranda. I'm an MBA student graduate and financial services advisor living in Austin, Texas. This is my blog, home to some random takes on finance, business, software, and occasionally pop culture. Thanks for stopping by. (By the way, I don't speak for my employer.)

rem@alum.mit.edu

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