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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: LowtherAcademy who wrote (117051)	11/24/2008 10:00:14 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

That made my morning. I like the fact he used Mish's chart. IMHO, to have a Triple A rating, debt should be less than 10% of capital. Real capital. The good news is, they sold FGIC before the crash. The bad news is, they didn't sell the rest of GE Capital. I still think GE is A rated, which is pretty good in this environment. But the fact is, they keep revealing black holes in their company and there may be many more they have yet to tell us about. Ratings systems depend upon accurate statements and reports and nobody seems to provide those any more.