Thursday, December 18, 2008

S&P Says GE May Lose AAA Rating... Really?

And we are supposed to believe the same firms that rated all of these toxic assets.

GE is not AAA. More than $100 billion of its bonds are insured by the U.S. gov.

The AAA rating is total bs and a sham. The only people holding on are shadow indexer and the stock departments of bank and trust companies.

http://finance.yahoo.com/news/SampP-says-chance-GE-could-rb-13870620.html

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