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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: saveslivesbyday who wrote (86617)9/20/2007 9:29:38 AM
From: patron_anejo_por_favor  Read Replies (1) of 110194
 
>>Central banks may not have the tools to restore stability to credit markets amid the ``Panic of '07,'' and instead should demand greater transparency from financial companies, Moody's Investors Service said today.
<<

I agree. The Fed just did brain surgery with oven mitts on.

The results will be as you might imagine.....of course Moody's seems to have forgotten their little role in all of this so the above smacks of hypocrisy.
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