Designed to Fail -

Tom Usher wrote or added | " wasn't the housing bubble and the sub-prime loans that created the financial crisis, it was the deliberate concealment of risk through securitization that caused the financial crisis."

For a minute while reading through his piece, I thought the author might be missing the fact that the ratings agencies were paid by those it rated. Well, Ian Wyatt recovered in his well-written, well-thought-out article.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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