Moody’s CEO Disappointed In CDO Ratings

02 Jun 2010

The ceo of Moody’s said the company’s ratings of collateralized debt obligations and residential mortgage-backed securities were “deeply disappointing.”

The ceo of Moody’s said the company’s ratings of collateralized debt obligations and residential mortgage-backed securities were “deeply disappointing.” Raymond McDaniel made his comments in written testimony submitted to the U.S. Financial Crisis Inquiry Commission, Earlier Eric Kolchinsky, the former Moody’s managing director in charge of rating subprime ...

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