Does AAA mean anything - Mercedes-Benz Forum

 
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post #1 of 6 (permalink) Old 12-15-2008, 11:16 PM Thread Starter
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Does AAA mean anything

anymore or is it a running joke when these securities are paying 5% more than treasuries ?
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post #2 of 6 (permalink) Old 12-15-2008, 11:17 PM
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It's one A more than AA, if you know what I mean.
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post #3 of 6 (permalink) Old 12-15-2008, 11:19 PM Thread Starter
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Either the ratings agencies should be closed down or the feds should back the AAA ratings, the non-action is worse than either two options for bringing confidence back to the market.
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post #4 of 6 (permalink) Old 12-15-2008, 11:25 PM
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Well, presumably people have now learned that the ratings mean next to nothing. On the other hand, people like to learn things the hard way.

I wonder if they've downgraded Lehman yet..
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post #5 of 6 (permalink) Old 12-15-2008, 11:30 PM Thread Starter
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Or perhaps it's the Treasuries which are whacked ... manipulated.
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post #6 of 6 (permalink) Old 12-16-2008, 07:51 AM
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If you bought mortgage-backed AAA you'll end up in AA.

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