Political Quotes

Ted Kaufman: “AAA does not mean thousands of securities that are rated AAA that 2 years later are junk.”

On the recordApril 22, 2010
AAA does not mean thousands of securities that are rated AAA that 2 years later are junk.
Said by
Ted Kaufman
Delaware

Editor's note · Context

Kaufman emphasizes the unreliability of AAA ratings over time.

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