IM conversation between two Standard & Poore’s employees, April 2007, as revealed in testimony before Congress today:
Shannon Mooney: i didn’t really notice…but now that i think about it i kindof tune her out when she talks(Via the Big Picture blog and The Epicurean Dealmaker. The latter has a pictorial illustration that I like, Mark Tansey’s “The Innocent Eye Test”; the former has links to the transcript.)
Rahul Dilip Shah: well she just is too political…and she doesn’t have anything of substance to say…but keeps thinking that she does.
Rahul Dilip Shah: (I’m done venting now) :)
Shannon Mooney: k go take a nap
Shannon Mooney: see you later
Rahul Dilip Shah: ok
Rahul Dilip Shah: btw - that deal is ridiculous
Shannon Mooney: i know right…model def does not capture half of the rish
Shannon Mooney: risk
Rahul Dilip Shah: we should not be rating it
Shannon Mooney: we rate every deal
Shannon Mooney: it could be structured by cows and we would rate it
Rahul Dilip Shah: but there’s a lot of risk associated with it - I don’t personally feel comfy signing off as a committee member.