Just thought I’d post some links I came across today. While explaining how Moody seem to have pretty much discredited themselves in the eyes of any sane person, they also explain certain banking terms I’d never quite got my head around.
Read and enjoy ![]()
http://ftalphaville.ft.com/blog/2008/05/21/13225/a-cpdo-rating-explainer/
http://ftalphaville.ft.com/blog/2008/05/21/13224/cpdos-triple-a-failure/
http://it.slashdot.org/article.pl?sid=08/05/21/2045247&from=rss