Moody’s tougher stance when rating deal making companies owned by private equity groups – too late too little
Trisha Rowe
Jan. 15, 2008

The credit agencies have lost all their credibility after the financial meltdown. The way S&P and Moody’s rated the hedge funds, financial institutions, private equities and other firms using credit to gample is a great shame.

Moody finally is taking some tough stance. The credit rating agency warn that it will adopt a tougher stance when rating companies owned by private equity groups that were more “aggressive” in the most recent dealmaking cycle.

But this is too late and too little. It is similar to increasing the numeber of guards after the thief has stolen the jewel. Unfortunately, to a great extent, these credit agencies are responsible for the financial meltdown. Their acts were irresponsible.

The financial institutions, the hedge funds and the private equity firms took the advantage of the lax credit rating stndards, gambled with sunprime mortgages and lost big time.

Moody’s tougher stance when rating deal making companies owned by private equity groups – too late too little
Trisha Rowe
The financial institutions, the hedge funds and the private equity firms took the advantage of the lax credit rating stndards, gambled with sunprime mortgages and lost big time.
READ MORE>>

Gold breaches $900 while job cuts accelerates and economy slides into deep recession – what does that mean?
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They are planning to flood the markets with liquidity. The budget deficit will skyrocket, interest rates will be lowered and more tax incentives will give some kick to the economy for a head start.
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China and India starts slowing down, US and Japan heads depression – world economies in deep trouble
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Massive jobs cuts in the pipeline – banks, Wall Street, Telcos, healthcare, industrials – all plan to cut millions of jobs in 2008-2009
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The biggest job cuts come from the banks and financial institutions who are lining up in a queue to go bankrupt one after the other. The next is healthcare.
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The Fed Chairman who brought housing depression now joins a hedge fund firm who continues to gain from the fall of housing bubble
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People in main street question why is Mr. Greenspan allowed to be an economic and financial advisor after drowning the economy with his conservative supply-side economics?
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Since the Great Depression for the first time States are ready to go bankrupt and delinquent
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As they cut expenses and raise taxes directly and indirectly, the revenue will shrink much faster than these governors can ever imagine. The resulting effect is a financial nightmare where States go bankrupt and delinquent.
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Citigroup problems mirror other large banks – deep dividend cuts, loss of hundreds of thousands of jobs, declining reserves and sharply falling investor confidence
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The real sad side of this is the skyrocketing foreclosures and hundreds of thousands of jobs cuts that will engulf the economy. These are highest paying jobs that will be lost in the next two to three months.
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