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I mean everyone has opinions, but isn't it actually verifiable that in aggregate Moody's gives accurate ratings (not just for US treasuries)? If not, why would

• lotsofpulp 1y ago
  “Cover your ass” as a service. For example, when all those taxpayer funded defined benefit pensions invested in risky subprime mortgages, they can throw their hands up and say “but the credit rating agencies said they were well rated”. Of course, they were kind of right because a federal government bailout was waiting in the wings.