Moody's Stock Suffers Record Plunge on Ratings Error

By Walden Siew
Reuters May 21, 2008

"Moody's is simply telling the truth slowly, and there's more truth to be told, " said Janet Tavakoli, a consultant and president of Tavakoli Structured Finance in Chicago.

"Up until now I thought the rating agencies were incompetent rookies in structured products," Tavakoli said. "Now I'm suspicious that they may be crooked."


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