Tag Archive | "Moody’s"

A Smoking Gun on Corruption of Ratings Agencies: The Bankers Friends’ Scam

Among the myths promoted by the traditional press–myths that hurt the entire country–is the “independence” of the ratings agencies. And that myth was one of the underpinnings of the financial crisis–the ratings agencies gave positive ratings to the crummy debt securities that were at the heart of what led to millions of people losing their […]

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When Will They Finally Lose Credibility?

   How many times a day do you shake your head at the farces that jump out of the business world every day? Raise your hand if it’s at least twice day. Here you go for your list: Lawmakers on the Oversight and Investigations Subcommittee, who are conducting the hearing, also plan to home in […]

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Rooting For Republicans To Stop The Rank Ignorance of Erskine Bowles

Somehow, I’ve been thinking a lot about Molly Ivins recently and how she would know exactly what to say about the absurdity of our political leaders who are just clueless. She once said, of former Republican House Majority leader Dick Armey, “If ignorance ever goes to $40 a barrel, I want drillin’ rights on that […]

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“Guys who can’t get a job on Wall Street get a job at Moody’s”

   Every day, there is a new joke about the economy–though, the joke is a cruel one on most normal people and unfortunately, the transcribers of the news (nee "journalists") don’t get the jokes largely because they are (a) really dumb and/or (b) don’t really care and/or (c) are so wrapped up in being "serious" […]

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Moody’s Threatens U.S. Credit–Hah! Who Cares What Moody’s Says?

    This is so absurd it made be burst out laughing in the midst of a sip of coffee this morning–and fittingly the coffee splashed over the idiotic front-page article in The New York Times (yes, I still read the actual paper version) that hails the newest words from the mountaintop, wisdom passed down from […]

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