*Back in early 2008, as the incompetence and outright fraud of the ratings agencies and monoline insurers was becoming apparent we posted:Iran has signed an agreement with Iraq for delivery of natural gas to the country, Iranian deputy oil minister announced today.
“Based on this agreement, 25 million cubic meters of gas will be delivered to Sadr, Baghdad and al-Mansouryah power plants through pipeline,” Mohammad Javad Owji said in Baghdad today. (IRNA/Press TV, 21 July)The agreement was signed in the Iraqi capital by Iran’s Oil Minister Rostam Qasemi and his Iraqi counterpart, Abdul Kareem Luaibi.“By signing this deal, Iran will earn USD 10 million a day and USD 3.7 billion a year in revenues,” Owji said....MORE
Melissa Moody’s Ratings Alternative (MBI)
From Long or Short Capital:
...My ratings will be simple:
MBIA (NYSE: MBI)
- BFFAE (Best Friends Forever and Ever)
- BFF
- BFFLAF (Best Friends For Like Almost Forever)
- BFFBAS (Best Friends Forever But Also a Slut)
- BFFBIHH (Best Friends Forever But I Hate Her)
- Whore
Previous Rating: BFFAE
New Rating: BFFBAS
Ratings Rationale: MBIA used to have a good little thing going. Yeah, like not everyone thought she was totally hot, but everyone was like “Wow she has a good little thing going”, she was funny and nice, and who doesn’t like funny and nice? Not Melissa, I’ll tell you that. And she was a go-to girl anytime a friend was jammed up with boy problems and needed ice cream.
But then she changed, and we all saw it happening. She wanted to be totally hot and started hanging out with guys out of her league. Yeah she looked great, but the diet and the clothes and the whole lifestyle changed her. Rumors started about what she was doing behind the scenes at muni parties and at CDS keggers....MORE
