Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (9637)	7/10/2008 10:23:12 AM
From: Hawkmoon	Respond to of 33421

No.. not really.. but putting Moody's out of business, or at least passing the buck into their deserving hands, could send an important message as to who's culpable for convincing investors that it was alright to buy these toxic CDOs and MBS's that mixed sub-prime loans with AAA debt. Because again, it's their job to rate investment risk of financial instruments based upon sound analysis, not some conflict of interest. finance.yahoo.com finance.yahoo.com (owner of S&P) Probably not worth mentioning Fitch, since they are private. Anyway, I just find is rather interesting to see that this is finally starting to generate some news. And I think it's going to generate some lawsuits as well. Hawk