Software error and the meltdown of US finances
Software error and the meltdown of US finances
Submitted by kaner on Thu, 22/05/2008 - 22:07.“LONDON, May 21 (Reuters) - A 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. (see www.forbes.com/reuters/feeds/reuters/2008/05/21/2008-05-21T075644Z_01_L21551923_RTRIDST_0_MOODYS-CPDOS.html. For more, see blogs.spectrum.ieee.org/riskfactor/2008/05/moodys_rating_bug_gives_credit.html and www.ft.com/cms/s/0/0c82561a-2697-11dd-9c95-000077b07658.html?nclick_check=1 or just search for Moody’s software error.This is [...]
