MOODY’S PLACES ITSELF ON NEGATIVE WATCH

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!

Category: Credit, Economy

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Category: Derivatives, Financial Press, Fixed Income/Interest Rates

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Media Appearance: CNBC’s Morning Call (1/23/08)

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