Hot Links for Weekend Reading… Carney calls ’em out: The Idiot-Maker Rally. (Clusterstock) The bears are running out of ammunition. (Morningstar) The 50 best jobs in America, as ranked by Payscale.com. (CNNMoney) Attention Traders – Here’s the only calendar you need for the coming week: (UpsideTrader) The way of the stoic, learning not to be…
Moody’s
Galleon Hedge Fund Taking On Water
Much like the Spanish galleons of old, which sailed back to the motherland laden with the ill-gotten riches plundered from the Americas, the Galleon Group of hedge funds was nailed today for insider trading. I’ve only skimmed the indictment, but what caught my eye was the paying off of newsire service employees for an early…
Moody's to Introduce New Spokesmoose to Repair Image
If anyone has a public relations problem, it’s Moody’s (MCO), once a well-respected bond ratings service, now DC’s favorite whipping boy for its role in the credit meltdown. Between Buffett‘s dumping of the company’s stock and Greenlight’s David Einhorn pitching it as an investment short, management at Moody’s has decided to play a little offense….
Ratings Agencies, aka The Three Stooges, Get a Taste of Regulation
[vodpod id=Groupvideo.3080520&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] The Department of the Treasury just released this Fact Sheet to demonstrate what the administration’s agenda will look like as it pertains to reforming the ratings agencies. Standard & Poors, Moody’s and Fitch, aka The Three Stooges, will have an interesting experience figuring out a profit margin after these are enacted! Buffett agrees…
Mooooooody's Tries to Prove its Not a Joke
This is classic. After years spent gorging itself on fees from slapping paid-for “quadruple A” ratings on junk bond garbage, Moody’s (MCO) has decided now, in the Spring of 2009, to start downgrading stuff. Not only have the horses already bolted the barn, the barn itself has burned down and is a pile of smoldering ashes. Moody’s put…
Hot Links: Maxine Waters, Bailout Nation and A-Rod
Hot Links for Weekend Reading This week, we watched another episode of half-educated Congressional grandstanding. This time around, the focus of misguided indignation was how much TARP money ended up being paid out to executive compensation and bonus by the largest banks. The show-stealer was none other than Maxine Waters, the representative of California’s 35th…
