Rerating Of Mortgage Bonds - A Complete Fraud…

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Rerating Of Mortgage Bonds - A Complete Fraud…

By David Spurr on July 22, 2009 | More Posts By David Spurr | Author's Website

Bloomberg reported that S&P raised their outlook on this debt from BBB- to AAA within a span of 6 days.

Have things changed that much, or did they get pressure from the administration to alter the ratings to make them eligible for the Fed’s Term Asset Backed Securities Loan Facility. Something’s really not right. The rating agencies are upgrading debt, so that they can dump it on the taxpayers.

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