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To: Real Man who wrote (390735)	7/21/2009 12:16:15 PM
From: MythMan	Respond to of 436258

nah this selling is weak.

To: Real Man who wrote (390735)	7/21/2009 4:54:02 PM
From: MythMan	Read Replies (2) \| Respond to of 436258

siliconinvestor.com

To: Real Man who wrote (390735)	7/21/2009 8:47:54 PM
From: Giordano Bruno	Respond to of 436258

In the FED we trust July 21 (Bloomberg) -- Standard & Poor’s backtracked on ratings cuts issued last week and raised the ranking on commercial mortgage-backed debt from three bonds sold in 2007. The securities, restored to top-ranked status, had been downgraded as recently as last week, making them ineligible for the Federal Reserve’s Term Asset-Backed Securities Loan Facility to jumpstart lending. S&P lowered the ratings on a class of a commercial mortgage-backed bond offering from AAA to BBB-, the lowest investment-grade ranking, on July 14. The New York-based rating company reversed the cut today, S&P said in a statement. In a related report, S&P said it adjusted assumptions on the timing of projected losses on the mortgages. “It is a stunning reversal and certainly raises questions concerning the robustness of their revised model,” said Christopher Sullivan, chief investment officer at United Nations Federal Credit Union in New York. “It may engender further uncertainty with respect to ratings outlooks.” Debt rated below AAA isn’t eligible for the Federal Reserve’s TALF. Investors sought $668.9 million in loans from the Fed to purchase so-called legacy commercial mortgage-backed bonds on July 16, the first monthly deadline to finance the purchase of the securities.