Econowatch

Econowatch

Economists Stephen Gordon (ULaval), Mike Moffatt (Western) and Kevin Milligan (UBC), as well as Macleans.ca’s Erica Alini and guest bloggers write about the economy and economic policy in Canada, the U.S. and the world. We like charts. On Twitter, follow Stephen: @stephenfgordon; Mike: @mikepmoffatt; Kevin: @kevinmilligan and Erica: @ealini.

Is this the most outrageous quote yet from a financial analyst?

by macleans.ca on Wednesday, February 13, 2013 2:58pm - 0 Comments

Infertile ground

“We rate every deal . . .It could be structured by cows and we would rate it.”

An unidentified Standard & Poor’s analyst joked in 2007 about the risky mortgage investments his company was approving, according to U.S. Justice officials. The government is now suing the firm for its part in the financial crisis.

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