Sunday, August 7, 2011

Wait... It's Not Too Late is It?

Wait! We could use some of that tax money supporting Exxon and corporate jets and just pay the ratings agencies for their AAA rating and all will be well. That's what the investment banks did so they could hawk Collateralized Debt Obligations. It's not too late, is it? Maybe it will just cost more to get them to change it back before Monday, but we can do this people!

http://www.dailyfinance.com/2010/04/26/explaining-the-4-trillion-cdo-scam-worthless-ratings-hide-inve/

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