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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (41248)9/9/2005 9:28:08 PM
From: patron_anejo_por_favor  Read Replies (2) of 110194
 
That is truly UFB. Why have ratings agencies at all...the dropped the ball badly on GM/F and Fitch is dropping it even more egregiously now. If they wanna say everything is always hunky dory all the time, give everyone an "AAAA+++" rating like the feedback for sellers on E-bay always get, and call it a day....<NFG>

"Of course, of critical importance is the longer-term ability of the underlying issuers to re-establish infrastructure and resume revenue-generating capabilities to help service their debt," Fitch said.

LOL, gee, ya think? And what are the prospects of that happening in Orleans Parish in, say, the next 24 months? Slim to none, and Slim is passed out from an all-night bender on Bourbon Street, methinks.....
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