How Moody's sold its ratings -- and sold out investors

This needs to be investigated. It could the biggest scandal of all - bigger than Madoff. This should have been job one for the Obama administration: regulation reform on Wall St.

in reference to:

"As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression.

A McClatchy investigation has found that Moody's punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings."
- How Moody's sold its ratings -- and sold out investors | McClatchy (view on Google Sidewiki)