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Loan Modification

: Mortgage Lender Implode-o-Meter

Was Buffett Too Easy On Moody?s In FCIC Testimony?

By Implode-Explode Heavy Industries

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"From the description of the subprime crisis in books such as Too Big To Fail, The Big Short, and The End of Wall Street, it is painfully clear that the rating firms inability to accurately analyze subprime mortgages acted as a powerful enabler. While it is doubtful that Mr. McDaniel is personally responsible for these oversights, he took over as CEO of Moody?s starting in 2005 and the accountability for the failure must rest with him. "

Full post as published by Mortgage Lender Implode-o-Meter on June 04, 2010 (boomark / email).

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