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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (3830)9/22/2008 9:57:04 AM
From: pcyhuang  Respond to of 5034
 
Moody's Manipulative Rating Practices

A letter to the SEC by a fellow poster

Please investigate the timing of Moody's report to place Ambac Financial Group, Inc. and MBIA under review for possible downgrade. The timing of this announcement is highly suspect and may be an attempt to manipulate the price of the share price of Ambac and MBIA. I believe the questionable and apparently targeted actions of the rating agencies, such as Moody's, represent a clear and present danger to our financial system, our national security, and should be curtailed and investigated without delay.

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Moody's was founded in 1909 by John Moody. Top institutional owners of Moody's include Berkshire Hathaway and Davis Selected Advisers. en.wikipedia.org. Warren Buffet happens to own his own business like Ambac.

Source: finance.google.com

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Comment: The fact that the S&P has not come out with a similar warning is a good supportive reasoning for the above allegation.

Cheers,