S&P, Moody's ratings on banks?!?!

Discussion in 'Economics' started by IanMacQuaide, Aug 24, 2009.

  1. Some waggish joint named "Global Finance" has put out a list of "Safe Banks".
    Their criteria were assets/deposits, and ratings by S&P and Moody&Fitch.
    Didn't those 2 rate all CDO's as AAAA +1 or some such nonsense
    a couple of yrs ago?
    They're still in business, and people believe them?!?!?!?!?