Wednesday, October 5, 2011

more than the mood, dammit!


enron's rating remained at investment grade four days before the company went bankrupt, despite the fact that credit rating agencies had been aware of the company's problems for months.

moody's gave freddie mac preferred stock the top rating until warren buffett talked about freddie on cnbc and on the next day moody's downgraded freddie to one tick above junk bonds


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