Monday, August 08, 2011
S & P downgrade
Oh wait - aren't those the very same people who rated A++ all those toxic, bundled, should never-have-had- a-mortgage- mortgage backed securities that (nearly) BROUGHT DOWN OUR ECONOMY in the first frelling place ?? IAFAYCCI (new acronym - "it's all fixed and you can't change it")
And just a side funny: Wells Fargo paid some billion (BILLION) dollar settlement because of (Wacovia's) their falsely favorable rating of some toxic securities. Paid to some Hedge fund people - also to blame in said economic break down- who were foolish enough to believe them, even though they were doing the same frelling thing out the other side of their mouths - . Not to any small guys on Main street, whose wealth (house values, 401k's, college funds) was REALLY looted.
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