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Moody's threatened to downgrade SVB last week, before the bank scrambled to sell stocks. Their plan simply backfired.
by esalman 4y ago
Moody's threatened to downgrade SVB last week, before the bank scrambled to sell stocks. Their plan simply backfired.
- Red_Leaves_Flyy 4y agoWhy threaten when the period was already in the pudding? Are their decision makers drunk, incompetent, or bought and paid for? Missing this should be grounds to shut down or nationalize their ratings. The fact that this is outside the overton window is telling in and of itself.
- esalman 4y agoYeah probably Moody's didn't take SVB's exposure to Peter Thiel-funded startups into account.