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Moody's Corporation Message Board

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  • rexobXIP rexobXIP Sep 23, 2009 9:58 AM Flag

    Maybe with the snitch they'll be able to prove outright fraud after all

    If what this Moody's analyst says is true, Moody's actions are on the level of Bernie Madoff's, perhaps worse, IMHO.

    They are supposed to act independently and along with the other ratings agencies basically set the value and risk rating of every security and debt instrument out there.

    If they played fast and loose, it could undermine confidence in the entire system, and for sure, it places all valuations in question.

    If they misrated bonds and other fixed income instruments, they have placed the retirements of tens of millions of middle class americans at risk

    If this guy is credible, I think they ought to be shut down.

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