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	<title>Wall Street Folly &#187; Ratings</title>
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	<link>http://files.wallstreetfolly.com/wordpress</link>
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		<title>Moody&#8217;s: U.S.&#8217;s Aaa &#8220;remains solid&#8221;; 3 banks suspend TARP dividends; Lack of new jobs complicating Obama plans; Harvard bond mgrs exit after changes; UBS case settlement?; Insurers $6B hit on board protection; Secrecy at Apple; Transplant questions; MySpace cuts; High end retailers try to create scarcity</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/06/moodys-u-s-s-aaa-remains-solid-3-banks-suspend-tarp-dividends-lack-of-new-jobs-complicating-obama-plans-harvard-bond-mgrs-exit-after-changes-ubs-case-settlement-insurers-6b-hit-on-boar/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/06/moodys-u-s-s-aaa-remains-solid-3-banks-suspend-tarp-dividends-lack-of-new-jobs-complicating-obama-plans-harvard-bond-mgrs-exit-after-changes-ubs-case-settlement-insurers-6b-hit-on-boar/#comments</comments>
		<pubDate>Tue, 23 Jun 2009 11:55:06 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[WSF]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Harvard]]></category>
		<category><![CDATA[Headline roundup; Moody's]]></category>
		<category><![CDATA[Ratings]]></category>
		<category><![CDATA[retailers]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/?p=8272</guid>
		<description><![CDATA[
Moody’s Says U.S.’s Aaa Debt Rating ‘Remains Solid’
Three Banks Suspend Their TARP Dividends
Recovery&#8217;s Missing Ingredient: New Jobs
Harvard Cuts Risk, Loses Bond Managers
Settlement Anticipated in UBS Case
Insurers face $6bn bill for board protection
Peugeot May Have EU2 Billion Loss as Car Sales Slide
A Transplant That Is Raising Many Questions
Apple’s Secrecy on Products and Top Executives
MySpace to Cut [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/06/moodys-u-s-s-aaa-remains-solid-3-banks-suspend-tarp-dividends-lack-of-new-jobs-complicating-obama-plans-harvard-bond-mgrs-exit-after-changes-ubs-case-settlement-insurers-6b-hit-on-boar/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is nothing sacred?  Berkshire Hathaway loses its AAA rating as Fitch swings its ratings ax</title>
		<link>http://files.wallstreetfolly.com/wordpress/2009/03/is-nothing-sacred-berkshire-hathaway-loses-its-aaa-rating-as-fitch-swings-its-ratings-ax/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2009/03/is-nothing-sacred-berkshire-hathaway-loses-its-aaa-rating-as-fitch-swings-its-ratings-ax/#comments</comments>
		<pubDate>Fri, 13 Mar 2009 01:25:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Warren Buffett]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2009/03/is-nothing-sacred-berkshire-hathaway-loses-its-aaa-rating-as-fitch-swings-its-ratings-ax/</guid>
		<description><![CDATA[Were it not for an economy in shambles, it would seem unthinkable for Berkshire Hathaway to be rated anything but AAA.&#0160; But Even Berkshire isn&#39;t looking as invinvible as it has always seemed, and guiding light Warren Buffett isn&#39;t getting any younger.&#0160; And with that, Fitch lowered the company&#39;s default rating to AA+, and it [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2009/03/is-nothing-sacred-berkshire-hathaway-loses-its-aaa-rating-as-fitch-swings-its-ratings-ax/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Charlie Rose: A conversation with Bill Ackman &#8211; &#8220;It&#8217;s the single best time in my career that I&#8217;ve seen to invest&#8221;</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/11/charlie-rose-a-conversation-with-bill-ackman-its-the-single-best-time-in-my-career-that-ive-seen-to-invest/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/11/charlie-rose-a-conversation-with-bill-ackman-its-the-single-best-time-in-my-career-that-ive-seen-to-invest/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 18:47:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Hedge funds]]></category>
		<category><![CDATA[Short selling]]></category>
		<category><![CDATA[Activist Investing]]></category>
		<category><![CDATA[Bill Ackman]]></category>
		<category><![CDATA[Credit default swaps]]></category>
		<category><![CDATA[Fannie Mae / Freddie Mac]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/11/charlie-rose-a-conversation-with-bill-ackman-its-the-single-best-time-in-my-career-that-ive-seen-to-invest/</guid>
		<description><![CDATA[

Charlie Rose spoke to Pershing Square Capital&#39;s Bill Ackman on Nov 11 (last night).&#0160; It&#39;s a great interview &#8212; he talks about the state of hedge funds, GM, credit default swaps, the rating agencies, the short selling ban, FNM/FRE, etc.
]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/11/charlie-rose-a-conversation-with-bill-ackman-its-the-single-best-time-in-my-career-that-ive-seen-to-invest/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Moody&#8217;s may downgrade Morgan Stanley and Goldman Sachs</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/10/moodys-may-downgrade-morgan-stanley-and-goldman-sachs/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/10/moodys-may-downgrade-morgan-stanley-and-goldman-sachs/#comments</comments>
		<pubDate>Fri, 10 Oct 2008 04:18:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/10/moodys-may-downgrade-morgan-stanley-and-goldman-sachs/</guid>
		<description><![CDATA[As if they don&#8217;t have enough problems, Moody&#8217;s may be looking to downgrade Morgan Stanley and Goldman&#8217;s long term debt ratings:

The rating agency said it had placed
Morgan Stanley&#8217;s A1 rating on review for a downgrade while assigning a negative
outlook to the Goldman Sachs Aa3 rating.
Just ahead of the Moody&#8217;s announcement, Mitsubishi UFJ Financial Group, Japan&#8217;s
largest [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/10/moodys-may-downgrade-morgan-stanley-and-goldman-sachs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>S&amp;P: NY Times may be thrown on the junk heap</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/07/sp-ny-times-may-be-thrown-on-the-junk-heap/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/07/sp-ny-times-may-be-thrown-on-the-junk-heap/#comments</comments>
		<pubDate>Thu, 24 Jul 2008 13:29:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[NY Times]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/07/sp-ny-times-may-be-thrown-on-the-junk-heap/</guid>
		<description><![CDATA[

S&#38;P is warning that debt of the NY Times could be downgraded to junk level.&#160; On Wednesday, the Times reported poor numbers, including an 82% decline in earnings on a 6% drop in revenues.&#160; According to the WSJ:

&#34;The CreditWatch listing reflects an
accelerating pace of total revenue decline and a rate of decline in EBITDA in
the [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/07/sp-ny-times-may-be-thrown-on-the-junk-heap/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Moody&#8217;s ratings fiasco: Pathetic yet predictable</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/07/moodys-ratings-fiasco-pathetic-yet-predictable/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/07/moodys-ratings-fiasco-pathetic-yet-predictable/#comments</comments>
		<pubDate>Tue, 01 Jul 2008 16:14:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/07/moodys-ratings-fiasco-pathetic-yet-predictable/</guid>
		<description><![CDATA[We&#8217;ve never had much use for the rating agencies, because they&#8217;ve always seemed so hopelessly behind the curve.&#160; Day by day, they&#8217;ve continued to prove us right about their uselessness:&#160; Moody&#8217;s is now done with its internal investigation of that little problem that they announced back in May &#8212; that they had assigned a bunch [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/07/moodys-ratings-fiasco-pathetic-yet-predictable/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>One rating agency dissing another: S&amp;P may cut Moody&#8217;s commercial paper rating</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/05/one-rating-agency-dissing-another-sp-may-cut-moodys-commercial-paper-rating/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/05/one-rating-agency-dissing-another-sp-may-cut-moodys-commercial-paper-rating/#comments</comments>
		<pubDate>Fri, 23 May 2008 14:05:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/05/one-rating-agency-dissing-another-sp-may-cut-moodys-commercial-paper-rating/</guid>
		<description><![CDATA[It&#8217;s ratings war: S&#38;P, the largest rating company,&#160; may cut the commercial paper of its arch rival, Moody&#8217;s.

S&#38;P today placed Moody&#8217;s A-1 short-term
debt rating on CreditWatch negative, citing reports that a computer error may
have caused Moody&#8217;s to give Aaa ratings to debt that didn&#8217;t deserve them.
Moody&#8217;s shares tumbled 21 percent in the
past two days after [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/05/one-rating-agency-dissing-another-sp-may-cut-moodys-commercial-paper-rating/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>It was the computer&#8217;s fault: Moody&#8217;s most recent major oopsie</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/05/it-was-the-computers-fault-moodys-most-recent-major-oopsie/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/05/it-was-the-computers-fault-moodys-most-recent-major-oopsie/#comments</comments>
		<pubDate>Thu, 22 May 2008 13:36:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/05/it-was-the-computers-fault-moodys-most-recent-major-oopsie/</guid>
		<description><![CDATA[If it weren&#8217;t so pathetic it would almost be funny: Moody&#8217;s fuck-up supreme:&#160; They somehow kinda sorta assigned AAA ratings to a bunch of CPDOs that should have been rated far lower.&#160; They&#8217;re&#160; conducting &#8220;a thorough review&#8221; to see if a computer error was the culprit. The kicker is that some senior Moody&#8217;s staffers knew [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/05/it-was-the-computers-fault-moodys-most-recent-major-oopsie/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Ever timely (NOT!): S&amp;P cuts Goldman Sachs, Lehman Brothers ratings outlooks to &#8216;negative&#8217;</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/03/ever-timely-not-sp-cuts-goldman-sachs-lehman-brothers-ratings-outlooks-to-negative/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/03/ever-timely-not-sp-cuts-goldman-sachs-lehman-brothers-ratings-outlooks-to-negative/#comments</comments>
		<pubDate>Mon, 24 Mar 2008 03:02:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/03/ever-timely-not-sp-cuts-goldman-sachs-lehman-brothers-ratings-outlooks-to-negative/</guid>
		<description><![CDATA[When the markets were closed for Good Friday, S&#38;P was busy cutting their debt ratings outlook for both Goldman Sachs and Lehman Brothers as they believe that earnings will fall as much as 30%&#8230;. 

&#8220;Our current expectation is that net
revenue could decline&#8221; at least 20 percent for independent securities firms,
S&#38;P said in a statement today. [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/03/ever-timely-not-sp-cuts-goldman-sachs-lehman-brothers-ratings-outlooks-to-negative/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>S&amp;P downgraded Bear Stearns and the ratings could be cut again</title>
		<link>http://files.wallstreetfolly.com/wordpress/2008/03/sp-downgraded-bear-stearns-and-the-ratings-could-be-cut-again/</link>
		<comments>http://files.wallstreetfolly.com/wordpress/2008/03/sp-downgraded-bear-stearns-and-the-ratings-could-be-cut-again/#comments</comments>
		<pubDate>Fri, 14 Mar 2008 19:35:00 +0000</pubDate>
		<dc:creator>WSF</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Bear Stearns]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://files.wallstreetfolly.com/wordpress/2008/03/sp-downgraded-bear-stearns-and-the-ratings-could-be-cut-again/</guid>
		<description><![CDATA[
S&#38;P cut Bear Stearns&#8217; counterparty
credit rating three notches to &#34;BBB,&#34; the second-lowest investment
grade, from &#34;A.&#34; It also cut Bear&#8217;s senior unsecured debt to the same
level, and cut its preferred stock rating to &#34;BB-plus,&#34; one level
below investment grade.
Counterparty credit ratings reflect how
well a company can meet its financial obligations with customers, trading
partners or other parties.
&#34;The ratings [...]]]></description>
		<wfw:commentRss>http://files.wallstreetfolly.com/wordpress/2008/03/sp-downgraded-bear-stearns-and-the-ratings-could-be-cut-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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