To: foxfighter
Would you agree that selling packages of sub-prime, alt-a and AAA debt while representing the entire bundle as AAA is fraud?Who represented anything as AAA?
125 posted on
01/13/2011 1:00:01 PM PST by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
Moodys, Fitch and S&P credit ratings agencies represented the toxic waste of JP Morgan, Goldmine Sacks and others as AAA debt. Don't you think that the banksters who sold this debt knew that it could not have been AAA when they were the ones who put the stuff together?
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