Alex Moore
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Almonte: Good at grandstand, but not negotiating
By Alex Moore on June 1, 2014
The third candidate for Treasurer, Ernest Almonte, never replied back to me after repeated attempts of reaching out to him. I therefore can’t say what his position is about standing up to the ratings agencies and their deceptive ratings practices. During his campaign, Almonte has been critical of exploring all options before making a decision on […]
Posted in Featured, Politics | Tagged 38 Studios, almonte, General Treasurer, moral obligation bonds, Nicholas Mattiello, ratings agencies | Leave a response

Magaziner: Explore any legal avenue to limit cost to taxpayers
By Alex Moore on May 28, 2014
Candidate for Treasurer Seth Magaziner says that he has a history of standing up to big Wall Street firms, highlighting his work as the author of a shareholder proposal to break up Citigroup. He has worked at Trillium Asset Management, a socially responsible investment firm, for the last four years. Magaziner said in an email to me: […]
Posted in Politics | Tagged General Treasurer, moral obligation bonds, ratings agency, seth magaziner, Wall Street | 1 Response

Caprio: Ratings agencies hands weren’t clean in 38 Studios deal
By Alex Moore on May 27, 2014
Former Treasurer (and current candidate for Treasurer) Frank Caprio reached out to me concerning my stories about the deceptive ratings practices of the ratings agencies. According to Caprio, the ratings agencies hands weren’t clean in the 38 Studios deal because they did in fact overrate the bonds. Furthermore, Caprio asserts that if he is re-elected […]
Posted in Featured, Politics | Tagged 38 Studios, caprio, moral obligation bonds, ratings agencies, Wall Street | 2 Responses

Ratings agencies lose appeal but will RI stand up to them?
By Alex Moore on May 25, 2014
This is a quick update to a couple of stories I’ve written about how ratings agencies should be held liable for their deceptive ratings practices. You can read them here and here. An appeals court just rejected the ratings agencies claims that the opinions they expressed in a case involving the CA pension system were […]
Posted in Featured, Politics | Tagged caprio, moral obligation bond, ratings agency, Wall Street | 1 Response

Will Kilmartin stand up to the ratings agencies?
By Alex Moore on May 22, 2014
In a recent post, I highlighted how the US Department of Justice is suing ratings agency S&P concerning their suspicious ratings practices that essentially fueled the financial crisis. In the same post, I also wrote about how I believe ratings agencies S&P and Moody’s also artificially inflated the 38 Studios bond ratings as investment grade. Although […]
Posted in Economics, Featured | Tagged 38 Studios, credit ratings, moral obligation bond, ratings agencies | 2 Responses

Ratings agencies knew they were serving rotten sausage
By Alex Moore on May 19, 2014
If the ratings agencies are wrong to consider lowering Rhode Island’s credit rating for not making payment on the 38 Studios bond, they were really wrong when they gave the 38 Studios bonds an investment grade rating in the first place. 38 Studios was always a risky investment, and the state never had a legal […]
Posted in Economics, Featured | Tagged 38 Studios, credit ratings, moral obligation bonds | Leave a response
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