Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (401132)	2/16/2010 7:10:03 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

Meaningless Feb. 16 (Bloomberg) -- Standard & Poor’s downgraded 5,589 securities backed by so-called Alt-A mortgages, reducing ratings on classes from 830 deals because of projected losses from delinquencies. The securities were issued in 2005, 2006 and 2007, the New York-based ratings company said today in a statement. Alt-A loans fall between prime and subprime in terms of projected defaults, often because borrowers didn’t document their incomes or plan to live in their properties. They're all short sales anyway. -g-