MOODY'S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts, Corruption, And Greed

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MOODY'S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts, Corruption, And Greed

Posted by LarryWildman under News
From http://www.businessinsider.com 4638 days ago

Former senior vice president William J. Harrington files a blockbuster tell-all with the SEC.

A former senior analyst at Moody's has gone public with his story of how one of the country's most important rating agencies is corrupted to the core.

The analyst, William J. Harrington, was employed by Moody's for 11 years, from 1999 until his resignation in 2010.

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Comments

Written by yoni67
4636 days ago

Larry,

My epiphany moment was a decade or so back when the Olympics scandal broke. For years most people, including me, thought wow! They award the Olympic games to the most deserving city! Gee that's nice.

Then the scandal broke: Wining and dining the judges. Airline tickets for judges, friends and family for free vacations. Huge cash bribes. Cars. Cruises on yachts.

And yes...PROSTITUTES! What's a good scandal without HOOKERS???

Moody's is corrupt? So is the UN. So is the World Bank. So are most governments. So are many businesses and organizations.

My solution? Fire everybody. I mean EVERYBODY. Every single person in the world that has a job.

Then start hiring all over again.

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