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Moody’s

Snapping Back to Reality

June 5, 2008

Moody’s has indicated that it might lower the ratings of monolines MBIA and Ambac. The possibility prompted New York Times columnist and blogger Floyd Norris to ask: Has anyone thought in recent months that either of those insurers deserved its AAA rating? Readers here will know we have harbored no such illusions. Last February, we [...]

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