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>The Financial Crisis Inquiry Commission estimates that by April 2010, of all mortgage-backed securities Moody's had rated triple-A in 2006, 73% were downgraded
by bitmapbrother 9y ago
>The Financial Crisis Inquiry Commission estimates that by April 2010, of all mortgage-backed securities Moody's had rated triple-A in 2006, 73% were downgraded to junk.
Anything Moody's says must be taken into context given their history of taking money to lie to and cheat investors. Their executives should have gone to prison and the company should have been liquidated a long timo ago.
- mistermann 9y agoDidn't you hear, no one could find enough evidence to convict anyone.