Paula Deen's exquisite peach cobbler recipe
Great recipes, Paula. You've done great and deserve it.
Our patron saint,
Defending individual liberty against the tyranny of government.
When I joined Moody's in late 1997, an analyst's worst fear was that he would contribute to the assignment of a rating that was wrong, damage Moody's reputation for getting the answer right and lose his job as a result.But the new "reform" is the feds making the ratings agencies liable for more than they'd have been in a free market. There's no room for mistake now: an honest error bears the same sanctions as fraud. It's like making an auto manufacturer liable for speeding tickets, because after all, they made a car that could travel faster than the law permits. Why should we be surprised that the agencies suddenly balked? The SEC gave them a six-month reprieve, but what will happen after that?
When I left Moody's, an analyst's worst fear was that he would do something that would allow him to be singled out for jeopardizing Moody's market share, for impairing Moody's revenue or for damaging Moody's relationships with its clients and lose his job as a result.