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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (28661)10/22/2007 11:31:14 PM
From: Spekulatius  Respond to of 78751
 
It's more than just rating that Moody's and co did. they helped construct these things, worked with the issuers to determine which slices of mortgages go into the pool to get the target rating and so on.

If this become a government investigation and a smoking gun email get's turned up that says how they put lipstick on the pig to get more business, well that is going to get really expensive.


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