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BlackE

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BlackE

Re: A deleted message

Friday, 07/03/2009 7:27:02 AM

Friday, July 03, 2009 7:27:02 AM

Post# of 67237
If you will allow,the rating agencies -- which includes S&P-- were killed by the subprime AAA mortgage bond ratings. These groups are now rating in an ultraconservative manner. They are backward looking not forward looking. So S&Ps rating of the bonds should viewed in that context and not held up as bloody flag of danger.
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