Good article on Moody's & Structured Finance

[Jacob]

http://www.nytimes.com/2008/04/27/magazine/27Credit-t.html?pagewanted=all

 

[Jacob]

David Einhorn speech on subprime crisis

This is a good read, another person taking the ratings agencies to task for dropping the ball:

http://www.grantspub.com/UserFiles/File/Einhorn_Grants_Conference_04-08-2008.pdf

This is the article that pointed me to the speech:

http://www.nytimes.com/2008/04/27/business/27every.html

 

[alain]

as long as Rating corporations (not agencies) are paid by the people they are supposed to rate, there are going to be issues.