Home › Forums › Financial Markets/Economics › About time – Ratings Agency Getting some heat › no_such_reality wrote:S&P
[quote=no_such_reality]S&P doesn’t rate bubbles.
And more importantly, the real problem that started it was basically an insurance company threatening default.
That default was in turn driven by a whole bunch of common schmoes lying and committing fraud on the loans, IMHO.[/quote]
That same company (AIG) appears to be back in the thick of things for CDS and Collateralized Subprime garbage.
http://www.foxbusiness.com/news/2013/02/05/aig-fortress-unit-test-abs-with-personal-loan-securitization/
