Search for: "In Re: AAA Bonding Company" Results 21 - 39 of 39
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25 Jul 2011, 8:29 am by Lovechilde
" You'd never know that 90% of the subprime-backed mortgage securities S&P and its competitors rated AAA in 2006-2007 - which means they're as sound as Treasury notes - were later downgraded to junk bond status. [read post]
17 Jan 2012, 8:29 am by admin
Standard & Poor’s lowered the companies to AA+, from AAA, after reducing the U.S. government’s top rating by a similar amount in August. [read post]
6 Jun 2008, 1:34 am
(Refer here regarding the Swiss Re litigation and refer here regarding the AIG litigation). [read post]
8 Aug 2011, 3:48 pm by Lovechilde
To fully understand the damage these bad sheriffs caused, it's important to understand three things: 1) Federal, state, and local governments, as well as pension funds and other investors, relied on their "AAA" ratings to protect their savings. 2) They traded those AAA ratings to paying customers in return for more business. 3) 90% of the mortgage securities they rated "AAA" in 2007 were later downgraded to junk-bond status. [read post]
30 Nov 2011, 2:15 pm by Mandelman
 Well, actually it might… but they’re friends anyway. [read post]
5 Jan 2011, 4:35 pm by Mandelman
 It was July 10, 2007 when Standard & Poors and Moody’s did something they had never done before… they announced that they were downgrading the ratings on 1,032 bond issues from AAA to A and even BBB. [read post]
23 Sep 2011, 6:21 pm by Mandelman
Wasn’t it only a few years ago that our Wall Street bankers sold a bunch of AAA rated bond-type investment securities to pension plans, insurance companies and other types of institutional investors all around the world, but as it turned out the securities weren’t actually AAA, so collectively the investors lost trillions of dollars, pounds, francs, yen, drachma… or whatever their money is called? [read post]
1 Oct 2008, 2:57 am
Even with the subprime mortgage meltdown and the realization that Europeans had been sold junk bonds as AAA-rated paper, everybody overseas assumed that the most powerful nation on the planet would grapple successfully with this crisis, and show the eager apprentices how it was done by the big boys. [read post]
15 Oct 2011, 4:43 am by Mandelman
That’s because 1950 is the year that our country started keeping such data, and since then our recessions and recoveries have tended to be shaped like a ‘V,’ while the one we’re in is more likely going to look like an ‘L’ followed by a ‘W’. [read post]
14 Oct 2011, 11:07 am by Randy Barnett
They’re not really the same case. [read post]
17 May 2021, 9:05 pm by Cookson Beecher
Morgan, whose commitment to sustainable finance and specifically green bonds leads the industry. [read post]
24 Nov 2015, 1:21 pm by D. Daxton White
 But at the macro level and on Wall Street these big companies, it is about maximizing profits and making sure to make as much money as they possibly can off of their clients. [read post]
29 Sep 2011, 7:12 am by Mandelman
  Spanish banks didn’t just originate the loans in order to bundle them up to be sold as AAA rated bonds to investors. [read post]
26 Oct 2008, 5:03 pm
We are living in the most challenging financial market for life insurance companies since the early 1980's, when exploding interest rates, rampant inflation, a national recession coupled with bond market deterioration and a stagnant stock market are conspired to shake traditional life companies to the core. [read post]
27 Mar 2012, 8:12 am by Mandelman
  But, in order to buy our 100 loans, we’ll need to determine how much we’re willing to pay for them… that is to say, how much they’re worth… to us. [read post]