Moody’s to Introduce New Spokesmoose to Repair Image
Come on Down to Moody’s HQ to Meet Raytee! If anyone has a public relations problem, it’s Moody’s (MCO) , once a well-respected bond ratings service, now DC’s favorite whipping boy for its role in the credit meltdown. Between Buffett ’s dumping of the company’s stock and Greenlight’s David Einhorn pitching it as an investment short, management at Moody’s has decided to play a little offense. Taking a page from one of Buffett’s other holdings, GEICO , Moody’s has chosen the cute and cu
More Smelly Emissions From Omaha
By Karl Denninger, The Market Ticker One would think that Buffett would be a bit more circumspect when his holdings have benefited so wildly from the fraudfest of the last few years : The “gusher of federal money” has rescued the financial system and the U.S. economy is now on a slow path to recovery, Buffett wrote in a New York Times commentary yesterday. While he applauds measures adopted by the Federal Reserve and officials from the Bush and Obama administrations, Buffett says the