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Thread: U.S. Inquiry Eyes S.&P. Ratings of Mortgages

  1. #11
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    Re: U.S. Inquiry Eyes S.&P. Ratings of Mortgages

    It's possible that it was a pre-emptive move on their part. Perhaps the investigations were getting somewhere and they figured this was the best way to combat it. That would hurt the so and so created the downgrade arguements but they have shown they have no idea how to grade squat.

    I'm not about to defend them.

  2. #12
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    Re: U.S. Inquiry Eyes S.&P. Ratings of Mortgages

    Could be the downgrade was a response to the federal investigation, not the other way around. In which case, maybe the downgrade ought to be investigated, as well.

    The fact remains, though, that the blame game gets us no closer to the goal. We either make a level playing field that leads to producing more goods domestically, or we continue to suffer the effects of an economy that is now based on secondary bets on mortgages and commodities. The former enables wealth to trickle up and down. The latter will result only in constant volatility and widespread malaise.

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