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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (29771)3/31/2005 10:24:29 AM
From: russwinter  Respond to of 110194
 
The scams and ramps of these Pig Men/Boyz financial institutions never cease to amaze, just one more thin wafer?

Credit raters fiddling while Rome burns:
Message 21183669

Credit insurers slight of hand street hustler tricks in Central Park:
yahoo.reuters.com



To: ild who wrote (29771)3/31/2005 11:40:24 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
Some remarkable household cash as % of charts today in CI. Quickly puts the "mountain of cash" myth to rest.



To: ild who wrote (29771)3/31/2005 12:09:28 PM
From: Knighty Tin  Respond to of 110194
 
I don't think so. It was their biggest selling point, too. As the only insurer with a corporate AAA rating, they could look down on competitors. (Not to be confused with the Triple A ratings that MBIA and Ambac provide for the bonds they insure. The bonds are Triple A. The corporations are not.)



To: ild who wrote (29771)3/31/2005 12:32:24 PM
From: Knighty Tin  Respond to of 110194
 
I haven't seen an update of this story in a while. I know that Merck and Pfizer have fallen on hard times of late and that GE is leveraged up the wazoo. UPS disappointed on eps, but not enough to impact their bond rating. I know that C was trying to upgrade to AAA, but the billions they had to reserve for what they refer to as "bad press" and getting kicked out of the second largest economy in the world stopped that process in its tracks. usatoday.com