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Eat the meat you are Fed: It's good, we guarantee it!

The last mystery of the financial crisis. It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents shows how they did it. by Matt Taibbi in Rolling Stone.
posted by lalochezia on Jun 19, 2013 - 34 comments

Scandinavia or bust. Quite possibly literally.

Bloomberg: "Britain [UK] lost its top credit rating by Moody’s Investors Service, which cited weakness in the nation’s growth outlook and challenges to the government’s fiscal consolidation program. The rating on the U.K. was lowered one level to AA1 from AAA and the outlook on the nation’s debt changed to stable from negative, Moody’s said in a statement yesterday." [more inside]
posted by Wordshore on Feb 23, 2013 - 50 comments

When admission of liability is a risk.

Credit Rating Agencies and their role after the Crisis
It was the rating agencies that assigned super safe ("triple A") ratings to complex financial instruments. When these blew up, the agencies accepted no responsibility, claiming they had merely been expressing "opinions".
William J Harrington, who was a senior analyst says he has asked people at Moody's why those responsible weren't fired.
"That would be an admission of liability, I was told.
The Wall Street Journal talks about downgrading the agencies.
posted by adamvasco on Jan 22, 2013 - 41 comments

Toma!

In 1875, the Portuguese cartoonist and caricaturist Rafael Bordalo Pinheiro invented an “everyman” to express the opinion of “Zé Povinho” – “ José of the People”, or “John Doe". His most famous “opinion” is the “manguito”, a universally-recognizable symbolic affront to the status quo, with the slogan “Toma!”, or “take that!” In the wake of the downgrade of Portugal’s sovereign debt to “junk” by Moody’s, the Portuguese were outraged. They reportedly jammed up the Moody's site. Zé Povinho responded with his usual aplomb. The figurines are made by hand and the anti-Moodys one went on sale this week. [Last link in Portuguese; some NSFW language and rude gestures in some of the links]
posted by chavenet on Jul 23, 2011 - 5 comments

Vintage Postcards and Ephemera

Moody's Collectibles sells vintage postcards, but they also make available a huge catalogue of their stock. You can browse geographically by US State, by country, and by topic. Or, you can search for anything from alligators to the California Zephyr. They also have a blog. [more inside]
posted by Rumple on Apr 26, 2009 - 8 comments

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