I’ve Got a Bridge to Sell Ya

The assumption that the rating agencies knew their business, a key enabler of the subprime meltdown, is analogous to the view before the Iraq war that Saddam Hussein had WMD. There are a lot of people now who scoff about what an obvious fallacy that was and not many who can point to doubts expressed at the time.

Ridiculous. As someone who was alive and on the internet in 2003, I certainly remember a lot of doubt about WMDs, and there were plenty of doubts about the ratings agencies. The rest of the article makes several good points, but this is complete bull-hooey.