Detailed text transcripts for TV channel - CNN - 20110424:19:04:00
From it. there are a lot of reasons why the s&p call should be taken with a grain of salt. for one thing the agencies hardly cover themselves with a blaze of glory in the economic crisis and hardly have any political status, if they ever did. i keep telling people to watch the movie "inside job." it uncovered just how solid some of these rating agency calls are. listen. >> they rated aaa a month or so before they went bankrupt? >> more like a-2. >> a-2 is still not bankrupt. >> no, it's a solid investment rating. a-2 within days of failing, aig aa, within days of being bailed out. fannie mae a...
Source: news source