Hear: World's Shortest Editorials

By Caitlin Kenney

Published November 18, 2008 at 6:19 PM EST

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The Chinese say they're paying for America's financial crisis.

Hear: World's Shortest Editorials

Today on Planet Money:

French President Nicolas Sarkozy is hailing the G-20's declaration that credit ratings agency be regulated as a major victory. But professor of banking, Joseph Mason, says he thinks it's just more of the same. Plus: Laura is back from China with a conversation about capitalism.

-- Louisiana State University banking professor Joseph Mason says credit ratings agencies have become arbiters of risk and need more monitoring.

-- A journalist in China calls capitalism a mixed bag.

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