Blame the computer
May. 21st, 2008 07:54 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
nancylebovA computer coding error led Moody's Investors Service to assign incorrect triple-A ratings to a complex debt product that came to mark the peak of the credit boom, the Financial Times said on Wednesday.
The BBC story mentioned that two billion dollars worth of securities were affected. I don't have a feeling for what proportion of the mess this is.
The BBC story mentioned that two billion dollars worth of securities were affected. I don't have a feeling for what proportion of the mess this is.
