This just in from the Stool Pigeons Wire at Capitalstool.com:
Washington – Moody’s the ratings agency, has placed itself on negative watch, citing its horrendous track record at rating just about everything except t-bills.
“We suck. We couldn’t spot an investment-grade bond in a box of Confederacy Debentures or Continental Bank CD’s.”said one source at the agency.
Thanks to Sudaca for bringing this news item to our attention.
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