Moody's Says Greece a 50% bet to Default

Published on: 19:14PM Jun 07, 2011

 There you have it, folks, this rating brought to you by the same folks that rated the sub-prime mortgage hodge-podge debt, the collapse of which caused the Greeks to assume. While the likelihood of a Greek default may or may not be 50%, why would anybody put any trust in the 'estimate' of a company that has been shown to give anything a good rating if paid enough?