Greg Newton submits: Sept. 4 Bloomberg – Moody’s MCO Investors Service said it may cut the ratings of €854 million ($1.2 billion) of constant proportion debt obligations after disclosing a second error in the way it assesses the securities. Moody's review was “prompted by the identification...
Felix Salmon submits: Steve Waldman has a corker of a blog entry today, blaming a large part of the present crisis on "investors' childlike demand for safety". It's a very powerful insight. Think of the enormous emerging-market central bank reserves that everyone was so worried about for the...
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