They just took a bunch of junk bonds and packaged them together... then labeled them Triple A. Was that so wrong?

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Sep 25, 2024
4:14:17pm

HarlemCoug Intervention Needed

They just took a bunch of junk bonds and packaged them together... then labeled them Triple A. Was that so wrong?

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HarlemCoug

Previous username: Big12
Bio page: HarlemCoug
Joined: Sep 8, 2014
Last login: Sep 27, 2024
Total posts: 34,274 (4,277 FO)

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Messages

Author

Time

More NIL craziness and corruption

dryflyelk All-American

Sep 25, 4:08pm

It’s like 2008 where the rating agencies didn’t want to poorly rate bad debt

Kolipoki

Sep 25, 4:11pm

They just took a bunch of junk bonds and packaged them together... then labeled them Triple A. Was that so wrong?

HarlemCoug

Sep 25, 4:14pm

RE: They just took a bunch of junk bonds and packaged them together... then

Kolipoki

Sep 25, 4:22pm

Capitalism at its finest.

Sep 25, 4:21pm

what does this corruption have to do with capitalism?

HarlemCoug

Sep 25, 4:26pm

Non-regulated wheeling and dealing.

Sep 25, 11:46pm

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