..like
Moodies
Perhaps we can send the bosses at Moody’s some retirement village brochures in places that have nice golf courses so they can just f*** off and leave everybody alone.
and why? Moodies have
just issued their “baseline scenario” that
March 15 (Bloomberg) -- The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose
Prof Billy is
frustrated by their basic lack of logic
..the overriding point is that there is no solvency risk in the first place.
..you cannot compare public debt with private debt. Such a comparison is inapplicable
As an investment Moodies has
lost their appeal
Warren Buffett’s Berkshire Hathaway Inc. cut its stake in Moody’s Corp. for the sixth time since July after the ratings company was hit by profit declines, lawsuits and criticism from regulators.
