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Reply #4: That AAA rating for junk was justified [View All]

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Home » Discuss » Topic Forums » Economy

golfguru

(1000+ posts) Send PM | Profile | Ignore

Wed Aug-17-11 12:04 PM
Response to Reply #1

4. That AAA rating for junk was justified

because before the housing bubble popped, there was no problems with the MBS whatsoever. Investors were getting paid dividends regularly. With the ever inflating house prices there was little risk. Only a crystal ball would have known housing was gonna go bust in future.

OTOH obligations of US Gov't are extremely well documented. It is all on law books. Uncle Sam is broke! Their rating should be CCC.

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