RE: Moody's strikes back Correction - We did NOT create the housing bubble by giving AAA ratings to trash; we are NOT responsible for bubbles just because we blow them.
INTEREST - Quote from page 80 of "The Unconscious Civilization" by John Ralston Saul
"A single line from David Hume lies at the heart of this argument: "Nothing is more certain than that men are, in a great measure, governed by interest." The tendency has been both to drop that qualifying clause - "in great measure" - and to use the remainder of the phrase out of context in order to suggest that the public good is a fiction and that self-interest must rule. Self-interest, it is suggested, is best served by the marketplace.