Moody’s (MCO): “We Sold Our Souls”: Yes, You Did

Posted: October 22, 2008 at 2:13 pm

R218533_855025_2This speaks for itself.

According to Bloomberg, Employees at Moody’s Investors Service told executives that issuing dubious creditworthy ratings to mortgage-backed securities made it appear they were incompetent or “sold our soul to the devil for revenue,” according to e-mails obtained by U.S. House investigators.

Douglas A. McIntyre

Read more: Research
    		•