Coding Flaws Caused Moody's Debt Rating Errors 277
An anonymous reader writes "The Financial Times has the story that billions in incorrect AAA ratings given out by Moody's were the result of a coding error in its computer models. 'Internal Moody's documents seen by the FT show that some senior staff within the credit agency knew early in 2007 that products rated the previous year had received top-notch triple A ratings and that, after a computer coding error was corrected, their ratings should have been up to four notches lower.'"
A Moody Bug? (Score:2, Funny)
Yeah right, that's what it was... (Score:4, Funny)
Re:monetary incentive to inflate ratings (Score:3, Funny)
Re:After the OpenSSL bug (Score:3, Funny)
No kidding! Look how difficult it is to "right" correct English!
Re:Yeah right, that's what it was... (Score:5, Funny)
if (isSECWatching = false) {
commitEgregiousFraud();
}}
Assignment vs. equality check strikes again!
It can't be Coders complaining (Score:5, Funny)
1) The Firewall
2) The Load Balancer
3) The Firewall
4) The Network Routers
5) The Firewall
6) The Network Cables
7) The Firewall
8) The Network Engineering Team
long before they figured out it was a Layer 8 issue in the code.
Re:Likely a feature (Score:3, Funny)
*rimshot*
Thanks, I'll be here all week.