Page 5 - Aaa Rated News Today

hes conquered tv on his first season of "the voice." >> christina takes things to a whole new level, right? you can level with me. >> i cant on national television. >> but tonight his biggest challenge yet. im getting him to do something youve never, i mean never seen him do before. >> this is so dumb. i dont know why i can do it. >> that is incredible. >> the amazingly multitalented adam levine. this is "piers morgan tonight." good evening. we begin tonight with americas debt crisis...

spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reids plan cant pass the house, and not only is boehners plan doomed in the senate, a great many house republicans dont like it either. so what happens now? we...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling americas national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nations debt ceiling. failure to do so could downgrade americas debt rating and could be extremely damaging for global economy purposes. lets get all the angles. weve just learned the president will be addressing the natio...

officials say nothing suggests an attack is imminent. they only say recent incidents reinforce the terror threat. and hope for a grand debt fix was dimmed just a bit in washington. some democrats and republicans are picking apart the latest plan with the same old complaints. liberals say it cuts social security and medicare. conservatives say it raises taxes. republicans have refused to raise the nations debt limit without deep spending cuts and no tax increases. the deadline now is ...

Standard & poors, one of the leading debt rating firms in the country, said while they were still viewing american debt as aaa rated, the outlook was negative. it had turned to negative, which means basically theres a one in three chance that over the next couple of years that debt rating might drop from the bluest of blue chip levels, aaa, to something less than that. that is worrisome, because it would mean that you and i, the taxpayers, would have to pay more to borrow. and when were borrowin...

The banks need the good ratings to then sell their products. and investors buy and sell based on these ratings. so the rating agency -- >> in other words, there might be a bund of mole of mortgages they have rated them as the top risk, aaa rated, low risk, but somehow the conflict here is that the credit rating agencies are getting paid by the banks. >> well, and, ali, we now know that 93 % of the subprime mortgage bundled products were rated aaa. subprime by definition means subprime, that its ...

Talking to the rating agencies. how did these 10,000 of these securities that are aaa rated end up as junk. the final piece of puzzle is, the folks on wall street. they maybe these mortgages up and send them up to wall street. wall street put together and package and sell them. thats the part that i think were focusing on and the committee has done a great job putting together e-mails. one of the things, ali, the big point i make, we know from washington mutual 90% of the home equity loans were ...

Aig was a multinational aaa rated. if you go back at this, when i tried to press on the ethical consideration, should you step back in 06 and 07 or somebody else at the treasury and said look, we are counterparting with these guys and they may look good for the money, but it is our civic or ethical or patriotic responsibility to tell you that this can take the entire system down. that didnt really cut with goldman executives. they didnt believe they had that responsibility or there was any way o...

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