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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?
136 posted on 01/14/2011 12:18:08 PM PST by foxfighter
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To: foxfighter
Moodys, Fitch and S&P credit ratings agencies represented the toxic waste of JP Morgan, Goldmine Sacks and others as AAA debt.

Sounds like Moodys, Fitch and S&P gave bad advice.

knew that it could not have been AAA

What's the definition of AAA and how did they know?

137 posted on 01/14/2011 12:31:10 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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