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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
  • Ratings Cut For Giant Banks-WSJ 0 comments
    Jun 22, 2012 10:22 AM | about stocks: MCO

    The disaster that is Moody's (NYSE:MCO) has finally struck again with a massive downgrade of five of the six largest U.S. banks. These downgrades come despite some of the highest historical liquidity and capital ratios in the banks histories, and improving credit metrics. Why Moody's can operate in an oligopoly when their service is complete garbage is absolutely beyond me and I think the system as a whole needs to change. I don't expect these downgrades to amount to much as they have been priced in for a long time, but it really just cements a legacy of disgrace for the once respected credit rating agencies.

    http://online.wsj.com/article/SB10001424052702304441404577480751440488004.html?mod=WSJ_hps_LEFTTopStories

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MCO
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