In light of the prior post, I couldn’t help but be amused by this commentary:
MOODY’S PLACES ITSELF ON NEGATIVE WATCH
Washington – Moody’s the ratings agency, has placed itself on negative watch, citing it’s horrendous track record at rating just about everything except t-bills.
"We suck. We couldn’t spot an investment-grade bond in a box of Confederacy Debentures or Continental Bank CD’s." said one source at the agency…
That is perhaps a not-so-obvious joke.
However, this recent article is not: Recession a big worry but not likely: Moody’s
Good call, guys — Triple AAA!