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Is Moody's a criminal enterprise or just plain ignorant?

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"I've written about Moody's before. You may know Moody's as one of the "Big Three" credit rating agencies that gave high grades to worthless securities, and helped start the Great Recession. You also may know standard practice for rating agencies is to be paid by the businesses they rate, a clear conflict of interest and an open invitation to criminality."

Ratings of monetarily sovereign and non-sovereign countries don't square with their indebtedness.  Japan has the highest debt-to-GDP rating and North Korea has no external debt at all.  Where would you rather live?

Read the rest of the story HERE:

At mythfighter.com
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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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