22 May 2008
Coding Flaws Caused Moody's Debt Rating Errors

Makes you wonder about other rating programs, doesn't it?

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."

(link) [Slashdot]

06:21 /Technology | 0 comments | permanent link

AP: Foot-and-mouth plan used flawed study

Maybe somebody in the government is growing a brain, after all. I'm just surprised that Indiana isn't in the running for a final spot - it'd be just the sort of stupidity I'd expect from "My Man Mitch" in an election year.

AP - The Bush administration relied on a flawed study to conclude that research on a highly infectious animal disease could safely be moved from an isolated island laboratory to sites on the mainland near livestock, congressional investigators concluded in findings obtained by The Associated Press.


(link) [Yahoo! News: Top Stories]

06:10 /Agriculture | 0 comments | permanent link