Monday, August 8, 2011

S&P Agency Chief Has Literary Degree And No Economics Background

I am not really sure what to make of this but I do find it interesting that the chief of sovereign ratings at Standard and Poor's, John Chambers, has a masters in English Literature but never studied economics.
Mr Chambers, the chairman of S&P’s sovereign ratings committee, has come under scrutiny himself since the downgrade.

Political observers have noted that he never studied economics and that he majored in literature and philosophy and has a master's in English literature.
I would assume that he has an office full of economic egg heads working under him but in the wake of the reported 2 trillion dollar mistake in the S&P's calculations it does make one stop and think doesn't it?

But then again many in Congress don't have economic backgrounds either and they set our fiscal policy...

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