Moody's Warning Labels (sub-prime version)

So Moody’s (the ratings agency who rated all sorts of absolute junk AAA in the run up to the sub-prime crisis) is planning on avoiding a similar situation in the future by including “new labels to help investors distinguish collateralized debt obligations and other structured-finance investments from corporate bonds and Treasury securities” (from WSJ).

I don’t know if “new labels” is an adequate solution. Thankfully, The Big Picture takes them to task. 

Notes