As you work on building our frame of reference on risk, financial integrity and the current liquidity crisis, you may enjoy this Canadian Business News Network of Ed Grebeck, an expert I have been talking to. Ed Grebeck is a global debt market strategist and author of "Why...Invest in CDOs, at All?" [Euromoney, April 2006], a prescient warning of Structured Finance illiquidity, conflicts of interest, flawed pricing models and today's trillion dollar losses. www.riskcenter.com/video.php?vid=grebeck2-29-1

The interview is entitled “The New Normal: credit markets will never be the same”

The discussion includes phrases like “Still a house of cards?”  “ratings agency concerns” http://watch.bnn.ca/the-close/august-2009/the-close-august-27-2009/#clip207916

For a fuller description of the interview, look on the SoberLook blog, an excellent resource.  Make sure you read the Friday, August 28, 2009 post entitled Rating agency shopping from the inside
 http://www.wikinvest.com/wikinvest/api.php?action=viewNews&aid=449721&page=Stock%3AGeneral_Electric_Company_%28GE%29&wire=1&format=html&comments=0