{"id":189177,"date":"2010-05-10T11:19:00","date_gmt":"2010-05-10T16:19:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/05\/10\/this-wont-end-well\/"},"modified":"2010-05-10T11:19:00","modified_gmt":"2010-05-10T16:19:00","slug":"this-wont-end-well","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/05\/10\/this-wont-end-well\/","title":{"rendered":"This Won&#8217;t End Well"},"content":{"rendered":"<p>Moody&#8217;s just disclosed that it <a href=\"http:\/\/ftalphaville.ft.com\/blog\/2010\/05\/09\/224366\/moodys-receive-an-unwelcome-wells-notice\/\">received a Wells notice from the SEC in March<\/a>.<\/p>\n<p>This means that they are in the SEC&#8217;s cross-hairs, and that a potential &#8220;enforcement action,&#8221; is likely.<\/p>\n<p>You have to figure that once the SEC starts turning over rocks, they will find more, and for a company whose only capital is their credibility, it could be in trouble <span style=\"font-weight: bold;\">very<\/span> quickly.<\/p>\n<p>Seeing as how we already have evidence that <span style=\"font-weight: bold;\">all<\/span> the major credit rating agencies are corrupt, there could be a domino effect.<\/p>\n<p>This is going to make the collapse of the monoliner bond insurers look like a picnic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s just disclosed that it received a Wells notice from the SEC in March. This means that they are in the SEC&#8217;s cross-hairs, and that a potential &#8220;enforcement action,&#8221; is likely. You have to figure that once the SEC starts turning over rocks, they will find more, and for a company whose only capital is &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,985],"tags":[],"class_list":["post-189177","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189177"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189177"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189177\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}