October 9 at 10:10 am
- kf6nvr.net
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"Well, that does explain one thing: the ratings were wrong on a number of assets and bonds, misleading investors in to thinking they were safe -- but how can a AAA rated bond really be AAA if it's actually based on what's effectively a junk bond? Is that a problem with the rating companies (Moody's, etc.) or a problem with a lack of regulation? Or something completely different?" - lilbyrdie