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Strategies & Market Trends : Grant's Interest Rate Observer

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To: Wyätt Gwyön who wrote (14)3/23/2007 2:25:44 PM
From: zebra4o1  Read Replies (1) of 62
 
Wyatt,

Thanks for the heads up. I always wondered what happened to that guy. Fooled by Randomness really affected my thinking - seen any reviews of this latest one?

Did you catch Grant on Bloomberg TV? Can't believe how much he looks like some kind of cartoon character - kind of a cross between Clark Kent and Waldo (of Where is Waldo). Interesting how he is a bit less coy when speaking than in print. Came right out and said that he didn't see how it was possible for these MBS's to magically transform 100% junk to 70% AAA. He really slammed Moodys and S&P too. Suggested McGraw Hill (S&P) owner is going to take a hit.

What do you think, could Moody's be the Arthur Anderson of the subprime melt down?
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