Posts Tagged ‘securities’
Moody’s triple-A security ratings led to the subprime meltdown
NYT on how Moody’s triple-A security ratings led to the subprime meltdown. | crosspost: Consumerist
Guess who isn’t losing money in the subprime mess
It appears that late last year several of the companies that packaged up the securitized mortgages started to divest themselves of the securities. Apparently Goldman Sachs started divesting late last year but continued to sell $6 billion worth of subprime mortgage securities.
Apparently their clients interest don’t always come first.
