Moody's Scandal: The Firm Has Leaked Inside LBO Information

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/16/2009 - 13:30 | 100999 Anonymous
Anonymous's picture

Oh c'mon ... "The Firm leaked" ? Or 1 person .. an "associate analyst" ?

Please stop hyperventilating and be responsible !

Fri, 10/16/2009 - 16:17 | 101224 Anonymous
Anonymous's picture

No you c'mon.

If Moody's wants to firewall the rest of the company from the actions of one of their own -- that's their job. We're waiting to hear their defense.

Fri, 10/16/2009 - 13:34 | 101005 SWRichmond
SWRichmond's picture

If anyone cares about why I am am out of this market, look no further than this.

Fri, 10/16/2009 - 13:53 | 101007 Benthamite
Benthamite's picture

You better send some calculators, abaci, pencils, erasers, graph paper, and staplers the SECs way as this one looks like it could be a bit of a challenge.  

Fri, 10/16/2009 - 16:19 | 101229 Anonymous
Anonymous's picture

Challenge? What challenge? Moody's who? Insider what? Some guys in New York are flying me to a conference in Hawaii. I like golf.

Fri, 10/16/2009 - 13:42 | 101015 Stuart
Stuart's picture

Given what we know now of the complicit role the rating agencies willfully played in carrying out widescale MBS et al, fraud over the past several years,  why on earth are these companies still around, let alone even being sought out for opinion, let alone any of the top execs not behind bars.  A nation of patsies we are. 

Fri, 10/16/2009 - 13:44 | 101019 Anonymous
Anonymous's picture

Please! This is all so ridiculous.

Just yesterday, IBM dropped 4% less than a minute after it beat on earnings and revenue. Later, it was revealed that signed contracts fell. How can anyone know this if not in advance of the release?

Far from being an isolated incident, it's the norm. I guess in this case it just wasn't sanctioned in advance by Govt-GS.

Fri, 10/16/2009 - 13:50 | 101023 Careless Whisper
Careless Whisper's picture

Paid the tipster $10,000 to make $4,000,000

Proves that:

1. hedge funds are run by greedy bastards.

2. the people at Moody's really are stupid.

Fri, 10/16/2009 - 14:02 | 101038 NYPoke
NYPoke's picture

Must be really stupid.  Prearrange & buy 2 Pre-Paid Cell Phones.  Could go with mobile computers these days.  Setup 2 random GMail Accounts, accessed through the Cell or Mobile.

Once a deal is done, throw away (destroy) the phones/mobiles.  Kill the GMail Accounts, after well coded emails of course.  Never access GMail from your own computers, of course.

Next, start over again.  Leave...no...trail.

Fri, 10/16/2009 - 14:59 | 101107 cougar_w
cougar_w's picture

No no no. That would be an admission of wrong-doing.

They are all probably at this point shocked and morally outraged -- outraged I tell you -- that any of this is raising a stir. Does not anyone anymore understand how business works in America? My God man, we have profits to protect here.

cougar

Fri, 10/16/2009 - 13:52 | 101029 Assetman
Assetman's picture

Moody's = Can of Worms

SEC = Blind Bird

Raj Rajaratnam = Unlucky Worm Eaten

Fri, 10/16/2009 - 14:06 | 101040 Zro
Zro's picture

The SEC doesn't have access to CDS information, remember?

Fri, 10/16/2009 - 14:09 | 101042 Anonymous
Anonymous's picture

I smell me some RICO indictments and civil actions against Moody's. Can you say "Arthur Andersen"?

Fri, 10/16/2009 - 15:00 | 101111 Cognitive Dissonance
Cognitive Dissonance's picture

Silly rabbit, they aren't trying to bring people to justice and ferret out the bad guys, they're trying to slaughter one unlucky sacrificial lamb.

Mission Accomplished!

Fri, 10/16/2009 - 15:02 | 101115 cougar_w
cougar_w's picture

Moody's is too important to the extraction of money from the middle class to be allowed to suffer any fate as cruel as that.

They'll trot out some minor player to be evicerated, should something like that even be required.

End of story. Immediately forgotten.

cougar

Fri, 10/16/2009 - 14:15 | 101050 Fritz
Fritz's picture

So what other wallstreet titans had a stoolie inside Moodys?

How much did the squid make on the same transactions?

Fri, 10/16/2009 - 14:28 | 101066 Anonymous
Anonymous's picture

I'm gonna guess the list without stoolies isn't terribly long.

Fri, 10/16/2009 - 14:32 | 101072 Anonymous
Anonymous's picture

Imagine that the squid must get wise to the activity on occasion and thus plants a false rumor that it can capitalize on!

How hard is it to run a report by stock that shows an abnormal return? Once the same name pops up on a secondary basis, shouldn't it be forwarded for investigation if, for nothing else, to determine what they are doing right?

This totally explains how a 24 year old can be hired as a VP of fraud investigation.

Fri, 10/16/2009 - 14:16 | 101051 Anonymous
Anonymous's picture

Tyler, please please PLEASE provide a link to the filing. I wanna read all about the role of the McKinsey director in this thing. Has McKinsey's surfeit of duplicity begun catching up with it?

Fri, 10/16/2009 - 14:25 | 101061 Anonymous
Anonymous's picture

Off Topic:

I don't know if anyone knows or cares, but the RSS feed no longer seems to work with IE. It stopped working nearly a week ago. I deleted the feed, and tried to re-add it, but that does not work either. Someone said it also does not work with Google. It does still work with Firefox Live Bookmarks.

Anyone have an update?

Fri, 10/16/2009 - 14:55 | 101100 Marla Singer
Marla Singer's picture

Well, we are using Feedburner now, so it would surprise me if it didn't work.

We did switch the URL, make sure you're using the right one?

http://feeds.feedburner.com/zerohedge/feed

Fri, 10/16/2009 - 14:32 | 101071 digalert
digalert's picture

Leak: only disclosed to ZH readers, you have been and will continue to get shafted. It's illegal to use this information for financial gain.

Fri, 10/16/2009 - 14:47 | 101090 aldousd
aldousd's picture

This is not really all that surprising.  Though, I do want to compliment you on your selection of the meta tag "Juicy."  Very nice touch!

Fri, 10/16/2009 - 15:20 | 101143 Cognitive Dissonance
Cognitive Dissonance's picture

IMHO, some of Marla's and Tyler's best work is seeing which tags they place on each article. There's always at least one that tickles my funny bone.

Fri, 10/16/2009 - 15:28 | 101155 Gilgamesh
Gilgamesh's picture

Tantalizing

Thu, 01/06/2011 - 11:52 | 852571 kenny56
kenny56's picture

I was trying to search for some pictures of famous actress Eva Angelina and found this essential information about Moody's scandal. I remember this scandal and this information which you have shared for us is really interesting. Many facts I do not know so it is really great that you have mentioned them. Thanks a lot for that!

Do NOT follow this link or you will be banned from the site!