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

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This 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