Thread: Standard and Poor's downgrades US to AA+
View Single Post
  #8  
Old 08-08-2011, 10:11 PM
wiphan's Avatar
wiphan wiphan is offline
Woodbine
  
Join Date: Jun 2006
Location: Miller Park
Posts: 980
Default
If these ratings companies are so good at their job and so credible then what the hell were they doing in 2005,2006, and 2007 when they were rating the mortgage backed securities AAA?
Reply With Quote