Huffpost Business

How Moody's Sold Its Rating - And Sold Out Investors

Posted: Updated:

As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression.

Read the whole story at McClatchy

Around the Web

Moody's - Wikipedia, the free encyclopedia

Moody's Corporation News - The New York Times