2 chapters across the catalog
The New York Times published a headline regarding bonds backed by mortgages regaining allure, signaling a shift in financial reporting. The upcoming Presidents Day holiday is noted for its impact on banking and postal services, as well as its association with retail "white sales" for linens and appliances at stores like Macy's.
Moody's Credit Ratings, Conflict of Interest and Revenue
Moody's Investors Service reports a 56% profit increase driven by bond sales, highlighting a potential conflict of interest where entities pay for their own credit ratings. Speculation arises that ratings agencies may use the threat of downgrades to spur the issuance of more debt or a third round of quantitative easing (QE3).
