Stanford finance professor joins Moody’s board(0)
Moody’s, the financial ratings firm who’s boss, Raymond McDaniel, testified before Congress earlier this month, along with the chiefs of the two other major ratings firms, about their agencies’ lousy performance in assessing the risks of mortgage-backed securities, named Stanford finance professor Darrell Duffie to its board. (That’s him in the photo, which we found on the professor’s home page.)
Among the documents uncovered by the House Committee on Oversight and Government Reform was a board presentation delivered by McDaniel to Moody’s directors in October 2007. Read the rest of this entry »
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