Friday, April 04, 2008

MBIA Downgraded

A rating agency, FITCH, downgraded MBIA two notches. It has lost its Triple A rating. The Fed's actions appear to have been band-aids; there is real reason to worry.

4 Comments:

Blogger shrf said...

Meanwhile, the popular press continues to laud unheeded acclaim on MIA.

8:32 PM  
Blogger John Liberty said...

new theme song:

http://hypem.com/track/521673

11:23 PM  
Blogger John Liberty said...

I wholeheartedly appreciate and rationally agree with the attempts to maintain this blog's integrity. However, I believe the latest removal was incongruent with the blog's dual mission: to maintain friendships while physically afar and to boast and boost each others intellectual enlightenment through the posting and feedback system.

The most recent post to be victimized by personal vendettas, personal ideology, and dare I say flat-out poor editorship, merely contained a picture of General Petraus testifying before Congress on troop withdrawls in Iraq, an issue which is undoubtedly one of the most pressing and important in our country's history. But it is not just important to us as Americans:

Please, ask the Iraqi children and the two million displaced families in Iraq if they feel anti-war messages on the blogosphere should be kept buried from view.

Please, ask the millions of people around the world who have direct or even tangental relationships with the troops from the 36 different countries engaged in the conflict if they believe criticism of their commander is not warranted, or at the very least, should be barred from public view.

Please, go ahead and ask the founding fathers of this country if think patriotism can ever be founded on censorship, ask Benjamin Franklin, James Madison, Thomas Jefferson, or George Washington.

It is an insult to all these people and to their ideas. It an insult to ideas in general, and contrarian to one of the central tenants of the blogs to enhance the mind through the diffusion of ideas generated by the very members of this blog - in the spirit of the bricoleur - innovative, tacticle, and worldly.

10:33 PM  
Blogger to scranton said...

Your last phrase there suggests we all need a bit more tacticular fortitude.

10:41 PM  

Post a Comment

<< Home