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To: stomper who wrote (138879)12/17/2001 1:21:03 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Gretchen M. reminds us of the critical role credit ratings agencies now occupy...and that they dropped the ball egregiously in the ENE debacle:

nytimes.com

One point she should have hammered harder is that ratings agencies are critical in debt pricing...the only way a lot of this trash gets passed to risk-averse investors is by having it's rating "insured"...credit insurance will be the next major bubble to burst, IMO....

Got MBI poots?<G>



To: stomper who wrote (138879)12/17/2001 1:33:21 AM
From: sun-tzu  Read Replies (1) | Respond to of 436258
 
LOL! if only jANUS had some asian operation collapse then maybe i would consider that.

on second thought...<NFW>