• News

    Raj Rajaratnam Got Information From Moody’s, Not Tipster, Says Lawyer

    The ratings agency is good for something!

    / Mar 21, 2011 at 2:30 PM
  • News

    Warren Buffett Leaves A Bad Taste In Charlie Gasparino’s Mouth

    The fact that he believes the ratings agencies “are a sleazy business but owns them because they’ll make him a lot of money takes Buffett down three notches” in Chaz’s book. Three!

    / Jun 2, 2010 at 4:43 PM
  • News

    Buffett: Rising Prices Are a Narcotic

    Warren Buffett called rising prices on everything from houses to Internet stocks “a narcotic” that blinds people to all kinds of risks in the system. He suggested Moody’s, which was supposed to be watching out for these risks, simply took too much of the drug

    / Jun 2, 2010 at 1:37 PM
  • News

    Oracle Cuts Back As Ratings Agencies Cut Back

    Warren Buffett’s a pretty moral guy, we think. He’s old, yes, and thinks that railroads are the future as we enter the year 1910. But he isn’t a cheating bastard. He just invests in them: to wit, his 13% stake in the lying, thieving Moody’s Corp., parent of the august Moody’s Investor Services, one of […]

    / Dec 23, 2009 at 1:13 PM
  • News

    Bank Of America A Solid C-Minus, Moody’s Says

    What a day for Ken Lewis & Co.! First, one of the savviest hedge fund managers out there gives BofA a big thumbs up (take that, Steve Cohen and Jim Simons). Next, someone we’ve actually heard of kinda sorta suggested he might take the Worst Job on Wall Street (BofA is, after all, a public […]

    / Nov 18, 2009 at 4:03 PM
  • News

    UBS Not So Much On The Road To Recovery

    UBS thinks it has its whole, unpleasant financial situation figured out. Moody’s Investors Service is somewhat less sure. The ratings agency slashed UBS’s deposit and senior debt ratings from double-A-2 to double-A-3. Its financial strength rating and long-term debt rating took an even bigger hit, falling to C to B-minus. The two-notch downgrade of UBS […]

    / Nov 18, 2009 at 1:42 PM
  • News

    Warren Buffett Could Use A Little Bill Ackman In Him

    The following post is by “Gatzzb,” a friend of Dealbreaker. Over the last decade few investors have been more quoted – and emulated – than Warren Buffett, the Oracle of Omaha. And for good reason. Mr. Buffett remains one of the most talented investment managers, capital allocators and business managers of our generation with a […]

    / Jun 17, 2009 at 10:00 AM
  • News

    Moody’s Just Now Realizing There Is More Than One Game In Town

    Maybe the guys at Moody’s are finally getting it. Apparently somewhat lost on the Moody’s clan during the past 6 or so years when getting a rating was about as tough as waking up, was the clear arb at the top of the capital structure. Between the two masters of mean reversion analysis, Moody’s had […]

    / Jun 5, 2009 at 12:26 PM
  • News

    Ira Sohn Conference

    We are sure you’re like us and just skip to the David Einhorn section when it comes to the Ira Sohn Conference notes that Zero Hedge has posted, courtesy of BTIG’s Mike O’Rourke. Here’s the take on Einhorny: The theme of Davd Einhorn’s presentation was the curse of the AAA. Obama administration is following the […]

    / May 28, 2009 at 12:03 PM
  • News

    Presented Without Comment: Just In Time

    Financial Analysis of Local Governments (New!) This seminar provides an in-depth workshop on the financial statements seen in U.S. public finance. With real-world case studies, delegates will learn where to find information in an audit, what the line items mean, and key ratios and trend analysis used by Moody’s analysts. It focuses on local governments […]

    / Apr 22, 2009 at 11:21 AM
  • News

    Speculation, However Informed….

    Consider for a moment this quote from Eastman Kodak: “Any speculation, however informed, suggesting that Kodak is less than financially sound, is irresponsible….” What’s the message here? That responsible speculators (whatever that means) are universally bulls? That the mere hint of bearishness is some sort of un-patriotic essence of evil? Kodak was responding, of course, […]

    / Mar 10, 2009 at 12:20 PM

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