Comments on: Alt-A Mortgage Backed Securities Downgraded

By: Donklephant » Blog Archive » What Does A Depression Look Like?

Donklephant » Blog Archive » What Does A Depression Look Like? — Wed, 11 Mar 2009 14:01:19 +0000

[...] we’re already very close to this being the worst recession in post-war history, and with some mortgage time bombs about to go off, I’m almost certain that this one will eventually lay claim to that dubious [...]

By: kranky kritter

kranky kritter — Tue, 10 Mar 2009 17:06:14 +0000

Highly-rated investment grade bonds are supposed to be low-risk, low-yield investment vehicles that you buy and hold. If you decide to trade them instead, you get what you get: the risk that comes from guessing.

Wall street found ways to package low risk alongside high risk, and to get ratings firms to go along with ratings that suggested the risk was far greater than circumstances have proven.

So it’s some consolation if ratings firms are doing their jobs and rating risky debt as risky. But it would be even better if these frauds were found liable.

By: Snoop-Diggity-DANG-Dawg

Snoop-Diggity-DANG-Dawg — Tue, 10 Mar 2009 14:04:42 +0000

…and commercial real estate….and the bond market…

ka-boom.