4 ms·
Moody's is corrupt to the core, so I take anything they say with a grain of salt.
by lake_vincent 4y ago
Moody's is corrupt to the core, so I take anything they say with a grain of salt.
- Bostonian 4y agoYou should explain such a strong assertion about Moody's.
- kadoban 4y agoTheir involvement in the 2008 crash certainly didn't win them any admirers. Not sure if gp has something else in mind though.
- cbozeman 4y agoThey were selling ratings on bonds instead of doing what they're actually supposed to do, which is evaluate the bond on it's merits and then assign it a rating. It was pay-for-ratings instead of pay-for-evaluation. This is documented pretty well in Michael Lewis' and Matt Taibbi's books about the 2008 financial crash.