Moody's takes two months to inform its investors that it received a Wells Notice and guess what occured during that period? Yes, the contestant in the red shirt guessed correctly; the CEO of Moody's sold his stock and Warren Buffett did the same!
Everybody loves Warren Buffett as he is the down home ethical guru from Omaha. Maybe the timing of selling Moody's was coincidental, maybe it was simply dumb luck or maybe it what simply what The Oracle of Omaha has been doing for years!
Next up, Fannie and Freddie need more money (roughly $18.5 billion) between the two of them.
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