Moody's- You have to be kidding

There is a story circulating that Moody's has 'discovered' a computer glitch that incorrectly rated some debt securities-most likely CDOs got rated AAA. You have got to be kidding. That mismarking of debt securities was due to payola from the Wall Cheat rocket scientists. That story is going to get blasted along with the dog ate my homework excuse. Moody's is going down not because of a 'computer glitch', but because they are going to get sued to death by angry toxic waste holders-namely the pension funds.