Quotations

_ – Raters Ignored Proof of Unsafe Loans, Panel Is Told
_ – About Strangers Separated by Walls
_ – About Democracy and the HerdRaters Ignored Proof of Unsafe Loans, Panel Is Told

As the mortgage market grew frothy in 2006 — leading to a housing bubble that nearly brought down the banking system two years later — ratings agencies charged with assessing risk in mortgage pools dismissed conclusive evidence that many of the loans were dubious, according to testimony given last week to the Financial Crisis Inquiry Commission.

Gretchen morgenson

[More Information->http://www.nytimes.com/2010/09/27/business/27ratings.html?_r=1&ref=business]

About Strangers Separated by Walls

It is true that there is a globalized world, but it only belongs to the high class. It is a world separated by modern walls, and the greatest risk is modern society’s lack of interest and cold-shouldering in the face of extreme poverty. If things do not change, the gap will widen so much that we will become strangers to an extent comparable with when the Europeans came to America and debated over whether the indigenous people had a soul.

Cristovam Buarque

About Democracy and the Herd

Democracy begins within each one of us. It is much more important being true to oneself than complacent with the herd.

Marcelino Cereijido