Wow what a huge decision this is. "surprising investors who had anticipated the securities would be supported by any Treasury rescue plan" Allow the corrupt, rotten, carcases of FNM and FRE to stay alive supported by taxpayers, or kill them with LONG OVERDUE downgrades? Downgrade the U.S.A. if you are not corrupt. Let the carnage begin. http://www.bloomberg.com/apps/news?pid=20601087&sid=aPBxQ.May5O0&refer=home
AMBAC anyone? All trust and integrity in ratings agencies should be thrown out the window after watching that debacle unfold.
Tomorrow is the day we find out if this bill is going to get passed, again another bailout....this is not the way this should be done, the crisis that was created by the greedy should be able to all apart. Why the bailouts to save homeowners who from the beginning weren't allowed these mortgages.