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Monday Sep 8 2008
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The 6am cut - Alphaville by email
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[CPDO rating error] Cox responds to Schumer
Chairman Christopher Cox of the SEC responds to Senator Charles Schumer’s call for Moody’s to be fined in the wake of the FT’s investigation into the rating of CPDOs.
Schumer sits on the Senate’s powerful banking, housing and urban affairs committee as well as the finance committee.
Article Series - CPDO rating error
- FT Alphaville exclusive: Moody’s error gave top ratings to debt products
- Moody's statement to the FT
- A CPDO rating explainer
- CPDOs' triple A failure
- Buffett doesn't blink
- US senator Schumer's letter to Cox
- Moody's Confirms External Review of European CPDO Rating Process (Statement)
- Moody's on ratings watch negative
- Moody's CEO makes statement
- Moody's hopes to put CPDO errors behind it
- Cox responds to Schumer
- S&P admits modelling flaw
- Moody's ousts structured finance head, admits breaches to code of conduct
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We are in debt to the FT for investigating Moody’s - why no one in the States was doing it is anther question. but a real one. To fine them strikes me as a very very light punishment for the massive losses their error and slow correction caused -
the sad story however is that those that suffered directly or indirectly from Moodys will never get out money back
Constance Blackwell