Image by LiminalMike via FlickrOk, would you like to help with a very important project?
The Huffington Post is asking for your help. This is the article: Help Dig Up The Praise That Today's Bailout Bandits Once Received
Basically, they are asking you to submit "heaps of praise that newspapers, magazines and TV news shows doled out when times were good. Now that times are bad, it's even more important to remind ourselves how easily the wool can be pulled over the media's eyes and, consequently, those who consume it." Read the article for some suggested names.
According to the article:
"Email email@example.com with the articles you find. Include your name, the date the article was published, and let us know if you would like to remain anonymous. "
Now, why is this an important project? Because I love the media so much - not being sarcastic - that whenever they are used to dupe us, those offenders should be exposed. Also, because I know that you should always question your information - still love the media - it's good for us to see that everything we see, read or hear is not necessarily the truth, the whole truth, and nothing but the truth.
Thanks to the Huffington Post for this excellent idea.
So now I ask you, my readers, do you want to do something for me - for us all?
Please email firstname.lastname@example.org with all published incidents (with date and source) of every incident you find when the ratings agencies were wrong. I have already filed away their testimony by the House Oversight Committee on October 22, 2008. If you want a quick reminder of why I care so much about this issue, see my recent post: Another Look At The Ratings Agencies and my earlier post: Rating The Rating Agencies. And just to remind you of the urgency, Moody's has now come out with 283 companies they say are at risk of default. Well, if they weren't before - this publication from Moody's won't help. And this is the precise problem, they have been wrong in the past, but people base their decisions based on whatever these rating agencies say anyway.
Maybe if I gather the information for Jon Stewart, he'll do the piece on the ratings agencies I've made the plea for. (See my blog post: A Plea To Jon Stewart)