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re: Yahoo writes article "It's Obama's Presidency, but Bush's World
Posted on 7/3/14 at 11:19 am to The Third Leg
Posted on 7/3/14 at 11:19 am to The Third Leg
quote:Then your gripe is with the rating agencies. If they had not kept on giving AAA ratings to the MBS issued by banks, the banks would not have been able to sell the bonds all over the world.
Banks were selling off toxic, fraudulently rated mortgage-backed securities to institutional investors.
2
Posted on 7/3/14 at 11:21 am to LSURussian
Gee, who would have given ratings agencies the impetus to rig ratings?
Posted on 7/3/14 at 11:23 am to LSURussian
It seems to me the issue is that government has influence that can be easily bought. That, or our SEC is absolutely incompetent. I mean, it's almost as if they were watching porn and throwing darts every day at work instead of investigating Bernie Madoff or something 
This post was edited on 7/3/14 at 11:26 am
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