It’s almost as if credit investors had no one else to turn to after $MCO whored their reputation out selling anyone that could fog a mirror a AAA rating to slap on a pile of subprime mortgages 
Moody's EPS, 2010 - 2020F: 2010: $2.15 2011: $2.46 2012: $2.99 2013: $3.65 2014: $4.21 2015: $4.71 2016: $4.94 2017: $6.07 2018: $7.39 2019: $8.29 2020F: $9.00 CAGR: 14%pic.twitter.com/qJCBNtADd3
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Pardon me, credit issuers. I was so blinded by pricing power and recurring revenue that I lost sight of who the actual fee paying customers were for a minute there.
End of conversation
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