Politics & Government

April 2, 2010 12:01 AM

2010: Where was Moody's board when top-rated bonds blew up?

As the bottom fell out of the housing market and complex mortgage-backed securities began tanking in 2007, a strange thing happened at Moody's Investors Service, one of the largest firms that rate bonds for the risks they pose to investors. Moody's blue-ribbon board of directors stopped receiving key information from an internal committee that was supposed to keep the board informed of risks to the company.

Related content

Suggested for you

Comments

Videos

Politics & Government Videos