Wednesday, February 6, 2008

Debt Rattle, February 6 2008

Updated 5.00 PMThe Coming Collapse of International Credit Ratings Agencies So you thought the Ambac/MBIA bond insurers crisis was bad? You ain't seen nothin' yet. The problem, the challenge, the scandal, is not that the bond insurers are about to be downgraded. The real scandal lies in the fact that they haven't been downgraded a long time ago - and much deeper than from "AAA" to "AA". In fact,

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