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Bug in Moody's Credit Rating Models

From: "andrew cooke" <andrew@...>

Date: Wed, 21 May 2008 09:46:02 -0400 (CLT)

To what extent does this explain the recent financial problems?  It could
be quite significant, I think.

http://www.ft.com/cms/s/0/245bf02e-264d-11dd-9c95-000077b07658.html?nclick_check=1
http://www.cnbc.com/id/24749519/for/cnbc
http://www.portfolio.com/views/blogs/market-movers/2008/05/21/a-new-moodys-rating-scandal

Andrew

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