Waterboarding and Financial Ratings
Jul 31, 2020207.7K Shares2.9M Views
Ok, just one more, um, commenton Moody’s proposed changes in its rating system for all those subprime loans and other securities. As you might recall, Moody’s has come under criticism for giving high ratings to pools of subprime loans that went bad. If you thought the post I mentioned earlier today from monkeybusinessblog.comon this subject was colorful, you’ll be interested in this. I believe it also marks the first time waterboarding has been suggested in accordance with a financial systems rating agency.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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