Comments on: Moody’s Colossal Bug

By: Reduce, Re-use, Recycle | A Stubborn Mule's Perspective

Reduce, Re-use, Recycle | A Stubborn Mule's Perspective — Wed, 23 Sep 2009 05:32:53 +0000

[...] of the posts on the Stubborn Mule have touched on aspects of the global financial crisis, including Moody’s Colossal Bug, How Big Are Australian Banks?, AIG and DZ Bank: Dumb and Dumber and Shoots Are Greener in [...]

By: Australia and the Global Financial Crisis | A Stubborn Mule's Perspective

Australia and the Global Financial Crisis | A Stubborn Mule's Perspective — Sat, 25 Oct 2008 11:43:17 +0000

[...] global financial crisis. My posts have focused on specific events as news has broken, ranging from a programming bug by Moody’s to the enormous US bailout plan and Government guarantees from Ireland to Australia. Here I will [...]

By: The Axe Falls at Moody’s « A Stubborn Mule’s Perspective

The Axe Falls at Moody’s « A Stubborn Mule’s Perspective — Wed, 02 Jul 2008 08:01:26 +0000

[...] Axe Falls at Moody’s A month ago, I blogged about news of a bug in a Moody’s structured credit ratings model. The story was originally broken [...]

By: derek

derek — Fri, 30 May 2008 06:24:31 +0000

The screenwriter William Goldman (Butch Cassidy, THe Princess Bride) famously said the three rules of Hollywood were: 1) Nobody 2) Knows 3) Anything. I begin to think the same thing is true of the financial speculation industry.

By: stubbornmule

stubbornmule — Sat, 24 May 2008 11:05:57 +0000

@Craig I thought I was cynical! Still, just because you are cynical, doesn’t mean you are wrong.

By: Craig

Craig — Sat, 24 May 2008 10:41:52 +0000

Humm. This all seems highly suspicious and convenient Mule. But I’m affriad I’m not buying their “programming error” line. Could it be that the “error” was in developing the “model” in the first place? You see the devil is always in the detail. Perhaps the hidden message was that the acronym CPDO really stood for Colossal Potential Downgrade Option…