Ratings Agencies Outright Lying
Tuesday, March 11th, 2008Why I continue to be bearish on the U.S. market for the long term (from Bloomberg): Moody's, S&P Defer Cuts on AAA Subprime, Hiding Loss Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the ...