Comments on: Moody’s to Snub NAIC Hearings http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 19:56:46 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Trainwreck http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217147 Trainwreck Sat, 19 Sep 2009 05:17:33 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217147 Rating agencies should be referred to as the 21st Century Mafia. Rating agencies should be referred to as the 21st Century Mafia.

]]> By: alfred e http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217141 alfred e Sat, 19 Sep 2009 03:15:42 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217141 Once upon a time when I was a young tad full of energy and stupid, I took one too many chances. Forget the 99%. And then I learned that when you call a state insurance commissioner to report an illegality, it's kind of like you've got the plague. Well, hey, no longer my problem. Took some very wealthy arrogant people down. Oh darn. But they're still there. Banking their billions. And we get to backstop them. What did we do to deserve to be so lucky. Once upon a time when I was a young tad full of energy and stupid, I took one too many chances. Forget the 99%.

And then I learned that when you call a state insurance commissioner to report an illegality, it’s kind of like you’ve got the plague.

Well, hey, no longer my problem. Took some very wealthy arrogant people down. Oh darn.

But they’re still there. Banking their billions. And we get to backstop them.

What did we do to deserve to be so lucky.

]]> By: Blurtman http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217133 Blurtman Sat, 19 Sep 2009 01:20:21 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217133 These vampires must die! Die, die, you bloodsuckers! These vampires must die! Die, die, you bloodsuckers!

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217122 Mark E Hoffer Fri, 18 Sep 2009 21:49:34 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217122 good ol' MCO.. a co., fine enough, for St. Warren to 'Invest' in.. should give, much needed, insight into how he, really, goes about things.. http://finance.yahoo.com/q?s=MCO& past that, the NRSROs, and the Idea, thereof, need(s) to be put down--for Good. good ol’ MCO..

a co., fine enough, for St. Warren to ‘Invest’ in..

should give, much needed, insight into how he, really, goes about things..
http://finance.yahoo.com/q?s=MCO&

past that, the NRSROs, and the Idea, thereof, need(s) to be put down–for Good.

]]> By: Pat G. http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217051 Pat G. Fri, 18 Sep 2009 18:30:51 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217051 @ karen The remaining stimulus funds should just about cover that... Throwing more good money, after bad. @ karen

The remaining stimulus funds should just about cover that… Throwing more good money, after bad.

]]> By: karen http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217048 karen Fri, 18 Sep 2009 18:26:37 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217048 SEPTEMBER 17, 2009 Reuters Standard & Poor's Ratings Services recalibrated its ratings criteria for collateralized debt obligations, resulting in the ratings firm's putting about 4,790 CDO tranches totaling $578 billion on watch for downgrade. (That ought to leave a mark wherever zombie accounting does not apply. -AM) http://anonymousmonetarist.blogspot.com/ SEPTEMBER 17, 2009 Reuters
Standard & Poor’s Ratings Services recalibrated its ratings criteria for collateralized debt obligations, resulting in the ratings firm’s putting about 4,790 CDO tranches totaling $578 billion on watch for downgrade.

(That ought to leave a mark wherever zombie accounting does not apply. -AM)

http://anonymousmonetarist.blogspot.com/

]]> By: Pat G. http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217046 Pat G. Fri, 18 Sep 2009 18:17:41 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217046 "why might they want to skip a where various state commissioners would have been questioning them on the fabulous job they did rating various CDOs?" Because they're still in denial. Subpoena them! LOL Conversely, investors should "snub" their ratings. “why might they want to skip a where various state commissioners would have been questioning them on the fabulous job they did rating various CDOs?”

Because they’re still in denial. Subpoena them! LOL Conversely, investors should “snub” their ratings.

]]> By: mister_x http://www.ritholtz.com/blog/2009/09/moodys-to-snub-naic-hearings/comment-page-1/#comment-217041 mister_x Fri, 18 Sep 2009 18:11:52 +0000 http://www.ritholtz.com/blog/?p=38571#comment-217041 Keep at it, Barry. Don't let these guys get away with it and return to business as usual and act as if their mistakes were just minor miscalculations. Keep at it, Barry. Don’t let these guys get away with it and return to business as usual and act as if their mistakes were just minor miscalculations.

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