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Ecomike

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Ecomike

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Thursday, 07/14/2011 12:47:18 PM

Thursday, July 14, 2011 12:47:18 PM

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China calls it a "Witch Hunt", and says Moodys is too Moody! LOL

http://www.marketwatch.com/story/macquarie-decries-witch-hunt-against-china-firms-2011-07-13?reflink=MW_news_stmp

In a note released Wednesday, the Australian investment bank said the Moody’s screen of 61 Chinese companies for risks in five areas, released Tuesday, seemed more akin to equities research than the bond issuers’ default risk assessments which are the agency’s primarily focus.



See the link for the rest of the story!

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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