First of all all 3 ratings agencies violated the law when that where publicly speculating during the debt-ceiling kabuki theater. The law prohibits them from giving a rating until they have done an analysis. Pretty hard to do an analysis when you don't know what the final legislation is going to be.
Secondly, mortgage backed securities where rated AAA ...how did that where out? Some AAA MBS experienced 80% default rates within 90 days of being given that rating!
Their corporate charters should be revoked.
Secondly, mortgage backed securities where rated AAA ...how did that where out? Some AAA MBS experienced 80% default rates within 90 days of being given that rating!
Their corporate charters should be revoked.
WERE. Repeat after me. WERE. Not where.
Sorry, I usually don't go anal on people for spelling but I seriously felt like I had gone full retard trying to read your post.
You can't help if you are non-native and using language with idiotic and archaic spelling system...
How well do you expect current goverment to handle this issues with theater we saw last weeks, utter carelessness about country and just thinking thinks would go on like they have...
