Open Thread

by Mary

NY Times looks at the role Moody's had in our financial crisis. A useful companion to this piece is a MarketPlace video that explains how securitization works.

One fun fact from Gretchen Morgenson's article was that at one point Moody's had a profit margin that was greater than Microsoft. Not too shabby for a company that wasn't supposed to be driven by profit, but rather was supposed to be acting as a watchdog for the rest of us.

Your turn now.