On the recordApril 22, 2010
Thousands of RMBSes rated AAA in 2006 and 2007 are rated now as junk.
Source
congress.govThousands of RMBSes rated AAA in 2006 and 2007 are rated now as junk.
Kaufman highlights the drastic downgrade of RMBS ratings over time.
Share
More from Ted Kaufman
A paper tiger that will fall apart the minute it is tested in a real life financial crisis
I do not want a single innocent person to go to jail or be criminally indicted for any reason.
In the words of Ben Bernanke, America was on a course for 'a cataclysm that could have rivaled or surpassed the Great Depression.'
The panic of 2008 has subsided, but it has been replaced by the gnawing pain of countless men and women who can't find work, who can't keep their homes, and who don't know whether their economic story will ever end in recovery.