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old man river

03/19/11 4:43 PM

#14592 RE: Greengo #14590

Be very careful everyone.

This report was prepared before the great credit crash which followed about two months later. Most asset backed securities became junk bonds over night.

Beside, there is still a nagging unanswered question.

How can a company have its securities rated before it was incorporated?

The Georgia State said the business was incorporated on October 10th, 2008 a few months after the ratings mentioned by S & P.