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Moody's Corporation Message Board

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  • rexobXIP rexobXIP Sep 8, 2009 9:54 AM Flag

    Must watch- MCO will go BK!

    The problem here is that they wrapped BBB securities in pretty packages and rated them AAA...

    and they acknowledged it in internal emails.

    I don't know if they will be found liable in a court of law, but I will bet that congress and the SEC will be probing them and it won't be fun.

    Have they downgraded themselves yet... and put themselves on negative outlook watch?

    Certainly, the risk is to the downside.

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