i guess people either understand "grading on the curve" or not :) Anyway, seems ... | Hacker News

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		VladRussian on July 15, 2011 \| parent \| context \| favorite \| on: The horrifying AAA debt-issuance chart i guess people either understand "grading on the curve" or not :) Anyway, seems to be a business opportunity to start issue ratings for AAA papers, as obviously there is a lot of junk AAA out there.

orofino on July 15, 2011 [–]

The documentary "Inside Job" covers why and how the "grading on a curve" happened. I'd recommend it if you're at all interested in this stuff.

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