Friday, September 25, 2009

Interview with former Moody's managing director (MCO)

AlphaNinja - Next week congress will dig into (those sleuths in congress!) the corruption at the ratings agencies. A new "whistle blower" from Moody's will take center stage - Eric Kolchinsky.

In reference to the pay-for-ratings game:

"There's just no incentives, at the ratings agencies, to say no."

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