[fyi] Paul Virilio on the Financial Crisis
Posted in Heidegger Email List on October 26th, 2008, search relatedRelated posts :: [fyi] Paul Virilio on the Financial Crisis :: THE REIFICATIVE ROOTS OF THE GLOBAL FINANCIAL CRISIS. :: Paul Virilio on the Financial Crisis :: [fyi] Paul Virilio on the Financial Crisis
The reason money is not getting invested is because there’s no way to value the risk of investments. People used to rely on S&P and Moody’s to do that, but we’ve discovered over the last year that they were rating garbage as AAA because it was in their interest ($) to do so.
http://www.bloomberg.com/apps/news?pid=n…
So, until […]