Matt Taibbi of Rolling Stone has published a great article that is, partly, indirectly, about why the idea of the National Security Agency (NSA) having our work e-mail archives is scary, and, also indirectly, about why the idea that anyone knows how the Patient Protection and Affordable Care Act (PPACA) will really work is a little nuts.
Taibbi based his articles on a collection of rating agency internal e-mails created in connection with lawsuits stemming from the recent financial crisis.
The gist is that the people inside the rating agencies were complaining bitterly about problems with the process used to justify the agencies’ ratings.
Taibbi quoted one analyst who was affected by t, “I had difficulties explaining ‘HOW’ we got to those numbers since there is no science behind it . . .”
On the one hand: Scandalous.
On the other hand: No kidding.