Comments on: Rating Agencies May Face Restrictions in Structured Finance http://www.nakedcapitalism.com/2008/02/rating-agencies-may-face-restrictions.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/02/rating-agencies-may-face-restrictions.html#comment-3782 Anonymous Thu, 07 Feb 2008 18:23:00 +0000 http://www.nakedcapitalism.com/2008/02/rating-agencies-may-face-restrictions-in-structured-finance/#comment-3782 Re: Moody's earned $884 million in 2006, or 43 percent of total revenue, from rating so-called structured notes, securities that package asset- and mortgage-backed debt, according to Neil Godsey, an equity analyst at Friedman, Billings, Ramsey Group Inc. in Arlington, Virginia. That's more than triple the $274 million generated in 2001.<br/><br/><br/><br/>Every penny in EPS linked to mis-rated securities hopefully will be given back in class action suits and it brings up the question as to why people pay them in the first place, as they seem like a mafia run middleman organization that just collects a toll for the casino! Re: Moody’s earned $884 million in 2006, or 43 percent of total revenue, from rating so-called structured notes, securities that package asset- and mortgage-backed debt, according to Neil Godsey, an equity analyst at Friedman, Billings, Ramsey Group Inc. in Arlington, Virginia. That’s more than triple the $274 million generated in 2001.

Every penny in EPS linked to mis-rated securities hopefully will be given back in class action suits and it brings up the question as to why people pay them in the first place, as they seem like a mafia run middleman organization that just collects a toll for the casino!

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