Tuesday, March 17, 2009

Tough op-ed from former rating agency ‘md’ and a law professor

Jerome S. Fons, a former managing director at Moody’s (on “The Street” they refer to these capstone titles as “MDs”), and Frank Partnoy, a law professor at the University of San Diego, gave rating agencies a failing grade in The New York Times (“Rated F for Failure,” March 16, 2009).

No word on Fitch’s grades, or whether anyone will get detention.

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