{"id":230,"date":"2007-09-20T17:21:34","date_gmt":"2007-09-20T17:21:34","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/09\/shame_on_you_moodys_shame_on_y_1"},"modified":"2021-09-20T15:41:20","modified_gmt":"2021-09-20T20:41:20","slug":"shame-on-you-moodys-shame-on-y-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/shame-on-you-moodys-shame-on-y-1\/","title":{"rendered":"Shame on you Moodys! Shame on you S&P! A pox on both your houses!"},"content":{"rendered":"

\t\t\t\tFounded 99 years ago, Moody’s Investors Service claims it “is among the world’s most respected and widely utilized sources for credit ratings, research and risk analysis.” <\/p>\n

Standard & Poor’s traces its origins to the 1860 publication of Henry Varnum Poor’s History of Railroads and Canals in the United States, a precursor of modern stock reporting and analysis. S&P claims it ” is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research, data, and valuations.”<\/p>\n

For a century or more these two icons of the securities industry were respected as the gold standard for credit standards. Sadly, each has recently become just another Wall Street prostitude, peddling its opinions to anyone willing to pay them. Move over defrocked analysts Jack Grubman and Mary Meeker. Apparently, “POS” and “AAA” have much the same meaning when it comes to rating agencies. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Founded 99 years ago, Moody’s Investors Service claims it “is among the world’s most respected and widely utilized sources for credit ratings, research and risk analysis.” Standard & Poor’s traces its origins to the 1860 publication of Henry Varnum Poor’s History of Railroads and Canals in the United States, a precursor of modern stock reporting […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3835],"tags":[],"class_list":["post-230","post","type-post","status-publish","format-standard","hentry","category-analysts"],"yoast_head":"\nShame on you Moodys! Shame on you S&P! 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