Prosecutor - lease!

    Prosecutors in Connecticut began an investigation in respect of Moody `s

23.05.2008 10:49

May 22 it became known that the prosecutor's office in Connecticut opened a preliminary investigation into the rating company Moody `s. The eve of the Financial Times reported that, due to an error in a computer model analysis of the data were published reports that some structured debt obligations (the so-called securities CPDO) agency Moody `s assigned the highest rating, while in fact the rating of these securities was to four steps below. In early 2007, senior officials of the agency learned of the error in a computer system, and the agency has corrected it, but the rating of these securities remained at the highest level of AAA to January 2008.


These reports led to the collapse of shares of Moody `s in New York almost 16% in trading on May 21. Late on Wednesday, State Attorney of Connecticut, Richard Blumenthal said his office started checking Moody `s for" possible fraud "and" concealment "of unreliable ratings. In addition, an influential Democratic senator Charles Schumer sent a chapter of the Securities and Exchange (SEC) Christopher Cox's letter, which called for an investigation in relation Moody `s, and if necessary apply the penalties. Yesterday, shares of the agency dropped an additional 9%.

Source: Kommersant

 

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Commentary.

... In our country these, here, the most "moo-oo-oo-dis" - a dime a dozen.

Moreover, unlike the U.S., shares them, for some reason, well, either as do not fall!

And who are they?

Duck, all known applicants "rating" and "projections". "For the party and the people." Well, for example:

- Those who are still in the early 60's, "the current generation of Soviet people will live under communism. The sun shines for all - for work, comrades! "- Solemnly stated.

... And we shot in Novocherkassk workers!

They are today robust design, for personal pensions and the elite party, state and gosplanovskih personal relationships, live.

- Those that "ratings" of the country and people, then, "slightly lowered" and said that, he says, "utochnenitse" came out - not Communism, and Socialism ", we have with you now will.

Also live - not tuzhat. And children and grandchildren, "the elite" had been added. Tu is a Soviet ...

- Those that "realists" and "humanitarians" and then decided. The trade mission, the diplomatic service but Gosplan (state committee on supply) served. Settled down, "passing", with the approval of VAK USSR, Ph.D. exam in Marxism-Leninism "five" ... They are also rating their contribution to the fate of ordinary people have made: - We, de, apartments to each family by the year 2000 will give. Do not you worry!

These, then, in general, and "headhunters", and "advisers" and "consultants" so far, the mayors and governors, "serve". And to pensions and salaries to its solid, and the fees and rents all kinds, in contrast to the more senior of his predecessors in the party-state nomenklatura, "freeloading" are getting. And the kids something from them and "Vilenovich", and "Stalievich" and "fedovichami", so far, which is called.

- Well, not speaking about those that "from the communists - in the lawyers" jumped - of those, too, and did not speak.

These, then, after millions of kids on the street driven, and generally have: - We promise to "kommunyak your »(?!?) assume no responsibility! Enough, "paternalism" and other freebie-ended. Market we have (? = You?) Want an apartment - cash down. And no public sentiment is no longer breed of word. WTO, you know ...

Here and creeps in, shattered our domestic "Moody's" soul-head, a stray thought: do not write to us, for all those crazy and useless, petrodollars, from abroad ... the U.S. Attorney of Connecticut, Richard Blumenthal?

Suppose though he, in our domestic "Moody's", a no elementary order, finally, bring!

And then, after all, neither the strength nor stand it much, there is no any.

And of those dollars, "oil" and "not ours", in the American mortgage withering, some kind of benefit to us all to arrive ...

Well, we write the U.S. Attorney, and!?

Michael KAZARIN,

accountant from Perm.