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Even though he was the largest shareholder in Moody’s, Warren Buffett was shocked, just shocked, that they were giving high ratings to garbage debt and anguished before a Senate hearing, who could have known that the ratings were spurious. Well, actually, the answer to that is – quite a few financial blogs, like Calculated [...] This is huge. The SEC is investigating if rating agency Moodys is qualified to be in business. Well at least it took Moodys under two months to report this massively material development, which while we are not positive on how to read the C&D action on the NRSRO registration, could mark the beginning of the [...] A McClatchy investigation has found that Moody’s punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings. This is just more proof, if any still is needed, as to how our financial system has been corrupted. Moody’s promoted executives who headed its [...] Death List — Companies Outlook Q1 2009 Publish at Scribd or explore others: Magazines Periodicals & Report love art These companies have been voted most likely to default by Moody’s, quite the honor. There’s some big names here too. [...] |  | ||||
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