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Re: AAA rating

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 27 Jul 11 2:01 AM | 49 view(s)
Boardmark this board | The Trust Matrix 		Msg. 05505 of 54959
(This msg. is a reply to 05504 by orda)
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Yep.

I just don't see how you can have Uncle Sam's debt decline relative to other forms of debt. If US debt is more risky, so is every other form of debt - if not more so. So relatively, nothing is changed, except that other forms of debt are perhaps more risky.

What is the Platonic AAA rating meant to be if it isn't the US itself?


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The above is a reply to the following message:
Re: AAA rating
By: orda in ALEA
Wed, 27 Jul 11 1:22 AM 		Msg. 05504 of 54959

Weren't these the same guys that rated all those junk mortgages AAA?

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