To: bruinbirdman
Bond holders can insure with a new company to preserve their AAA rating.
4 posted on
06/21/2008 12:16:41 AM PDT by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
Is the scenario correct?
I think the price of AAA bond insurance just went up.
Who are the AAAs. Seems like they would be a good investment. Until, Moody's gets around to re-rating them, too.
yitbos
5 posted on
06/21/2008 12:23:54 AM PDT by
bruinbirdman
("Those who control language control minds." - Ayn Rand)
To: Southack
This doesn’t sound good to me. Will further bring down the economy. I see a domino effect starting. First the mortgage market, next the credit card market, the bond ratings take a dive, oil prices and food prices rise, the Fed may raise interest rates because of inflation due to the high oil prices, what’s next?
6 posted on
06/21/2008 12:27:24 AM PDT by
flaglady47
(Hey Obama, to quote your Preacher man, your "chickens have come home to roost")
To: Southack
8 posted on
06/21/2008 2:55:43 AM PDT by
dennisw
(We have an idiocracy not a democracy)
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