[lbo-talk] S&P is rating subprime mortgages as AAA again -- higher than Treasuries

Doug Henwood dhenwood at panix.com
Fri Sep 2 07:53:03 PDT 2011


On Sep 2, 2011, at 10:42 AM, SA wrote:


> But with respect to the earlier thread - I doubt investors will be buying these at risk-free interest rates just because they have a AAA.

No serious money manager who's not under restrictions (e.g., government regs or a fund mandate, like a money market fund that has to buy only A or better) pays much attention to ratings.



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