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To: HamiltonJay

Bear didn’t do it, Moody’s gave the bonds the AAA ratings. Wall Street banks cannot grade their bonds.

Try again.

When it works it’s called risk-taking and when it fails you people call it “Fiscal Mismanagement.” You still can’t point to any laws being broken.


37 posted on 04/09/2008 10:07:18 AM PDT by Philly Nomad
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To: Philly Nomad

Nope, sorry, the whole CDO thing was a collusion and frankly the ratings companies, underwriters and all the investment banks are guilty of countless RICO and FRAUD violations.

Keep trying to pretend no laws were broken... makes sure that Wall Street never pays the price for their actions. After all its wall street... its above the law.


38 posted on 04/09/2008 11:28:00 AM PDT by HamiltonJay
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