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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (94496)	5/22/2008 7:14:56 PM
From: Keith Feral	Respond to of 110194

Couldn't happen to a bigger bunch of douchebags, except for Fitch.

To: Paul Kern who wrote (94496)	5/26/2008 9:39:48 AM
From: Pogeu Mahone	Respond to of 110194

This belongs on the joke thread. lol There is some argument about what is or is not ironic, but all the different senses of irony revolve around the perceived notion of an incongruity between ... ================== Moody's Commercial Paper Rating May Be Cut, S&P Says (Update2) By Alan Goldstein and Mark Pittman May 22 (Bloomberg) -- Moody's Corp., owner of the second- largest credit-rating company, may have its commercial paper ranking cut by its bigger competitor Standard & Poor's. S&P today placed Moody's A-1 short-term debt rating on CreditWatch negative, citing reports that a computer error may have caused Moody's to give Aaa ratings to debt that didn't deserve them. Moody's shares tumbled 21 percent in the past two days after the New York-based company said it is probing whether executives covered up a computer error that gave undeserved top ratings to constant proportion debt obligations, funds that used borrowed money to bet on credit-default swaps. S&P analysts also awarded AAA ratings to the CPDOs.