Moody’s Credibility Sinks to Junk Status

July 19, 2011 07:41

“The fact that Moody’s can make such an asinine statement shows you the truth behind that organization. And that’s why Moody’s was putting triple-A ratings on mortgage-backed securities that went to ZERO. Because that’s about how much credibility Moody’s has in the ratings world…and that’s ZERO.” – Peter Schiff

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