The credit market crisis was a communal and colossal failure to evaluate risk. The entire system rested on just a few bad assumptions, many of which were made by the credit rating agencies. Here’s how they went wrong, and how we should have fixed them.
The Romney campaign was unwilling to draw conclusions from impartial polling, and this error proved to be a major factor in the election.
Set aside the irrational rancor and reckless obstruction. It’s time to sit down and get to the hard work of governing.
Six reasons why this election does matter: Healthcare, Financial Regulation, The Supreme Court, Super PACs, Gridlock, and Credit for the Recovery.