Yesterday, Jesse Eisinger reported that McGraw Hill dropped Barry Ritholtz's book, Bailout Nation. Barry said that it?s due to his harsh treatment of the ratings agencies (Standard & Poor's is owned by McGraw Hill).
McGraw Hill says that it?s dropping the book due to editorial conflicts. This strikes me as an exceedingly lame excuse. Jesse quotes Barry, ?All the conversations I had with them, they made apparent this was all about S&P's role as sister company.?
Felix says that the relationship probably fizzled due to chemistry as well, and I think he?s right. McGraw Hill certainly didn?t want the book to be dropped. I think they underestimated dealing with a blogger like Barry who?s not going to let himself get pushed around. They pushed too hard and he walked.
The bottom line i
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