Rating_Analyst's Profile
Comments
Entry: Moody's Multi-Billion Computer Bug
posted by Rating_Analyst
May 21, 2008 9:31PM
If rating agency people are so worthless then why do most of them end up at banks after a couple of years?
Entry: Moody's Multi-Billion Computer Bug
posted by Rating_Analyst
May 22, 2008 8:16AM
People often work at agencies over banks for job security and easier hours. It isn't always about money for some people (hard to believe, I know.)
Of course all those people got screwed on Tuesday when S&P fired them...
Entry: Layoffs Watchs: Standard and Poor's
posted by Rating_Analyst
May 21, 2008 9:27PM
MBA recruits are associates at S&P and the 2007 MBA class was wiped out. 246 total employees will be let go. The rumor is that 150 were in structured. RMBS and CDOs were hit the worst (no surprise).
It's great to see some agency news on this site....