The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (108424)	3/7/2008 6:35:25 PM
From: Think4Yourself	Read Replies (1) of 306849

Fitch is a relatively honest ratings company and wouldn't give MBI back their AAA rating so MBI wants Fitch to not rate them at all so MBI can say it is AAA rated. S&P and Moodys apparently decided their reputations were already worthless, and unsalvageable at this point, so they kept AAA ratings. Dealer: "Our securities are rated AAA by S&P and Moody's!" Investor: "So what? So are MBIA and ABK! How does Fitch rate you?"

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