Quote:
Originally Posted by JeremyD
Not just the volume of the CDS but also the rating of the paper. Really the folks that rated this paper as investment grade A-AAA should be brought up on fraud charges. There are many hands in the til.
|
Just a point of clarification, there are a lot of acronyms being thrown around here...there is no rating on CDS (credit default swap). There are ratings on the "underlying" bond issue, but no rating agency rates a swap contract, these are unique transactions between 2 parties.
CDOs and CMOs are another issues...
__________________
1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2025 Ranger Raptor
|