Former Moody's Insider Says "Moody's Should Be Liquidated"

[alain]

http://www.businessinsider.com/former-moodys-vp-moodys-should-be-liquidated-2009-9

 

[IlyaKEightSix]

Sheesh. Professor Raynes certainly has guts, I'll give him that. Anyhow, is it me, or should the ratings system be implemented differently in that AAA isn't so prevalent? I mean, think about grades in class...an A is 93% and upwards, so a AA should be like 96% and AAA 99% or so, but instead, when I was looking at a CMO structuring problem in quant opt last semester, like 80% of the tranches were AAA. It was pretty hilarious, actually.

 

[Andy Nguyen]

Those who know Sylvain or took his classes at Baruch wouldn't be surprised at all reading this. This is more like a republished version of what he's been saying for a while.

 

[Andy Nguyen]

Sylvain interview with Bloomberg