... Magazine April 27, 2008 MAGAZINE PREVIEW Triple-A Failure By ROGER LOWENSTEIN This article will appear ... two superpowers in the world -- the United States and Moody's bond-rating service -- and it was sometimes unclear which was more ... securities that investors swept up with increasing élan. For the rating agencies, this business was extremely lucrative. Their profits ...

... Magazine April 27, 2008 MAGAZINE PREVIEW Triple-A Failure By ROGER LOWENSTEIN This article will appear ...two superpowers in the world -- the United States and Moody's bond-rating service -- and it was sometimes unclear which was more ...bonds, but it was, already, spreading its wings into the exotic business of rating securities backed by pools of residential mortgages....

...York Times Magazine April 27, 2008 MAGAZINE PREVIEW Triple-A Failure By ROGER LOWENSTEIN This article will appear in Sunday... York investment bank; the bank designed an investment vehicle and brought the package to Moody's. Moody's assigned an analyst to evaluate....D.O.'s were financed with similar ladders of bonds, from triple-A on down, and the credit-rating agencies' role was just as ...