Thursday, May 31, 2007

Chanos Short-Selling Moody's Stock in Bet Against Warren Buffett Holding

(Bloomberg) -- James Chanos, president of Kynikos
Associates Ltd., is bearish on Moody's Corp., the bond rating
company whose biggest shareholder is Warren Buffett.

Kynikos sold Moody's stock short, betting it will fall,
Chanos said today. He said Moody's may face lawsuits for keeping
its ratings of loans to the riskiest home borrowers too high.


Read more at Bloomberg Stocks News

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