This begs the question, why hasn’t Moody’s not done this already? Makes me wonder what is truly behind this announcement, or who is behind it.
Nationalize the ratings agencies. They will give the STATE whatever rating we tell them too.
Just like the FNMA and FHLMC mortgage pools full of loans Barney Frank and the fed coerced them to make.
AAA
Anyone who believes anything Moody’s says or does is a complete idiot. They are in the tank for whoever pays them.