today ABK closed at 5.68, up more than 500% in less

than 3 months, and S&P reaffirms ABK's rating of AA. rating agency's job should be objective, bring rational to a panic market, since they are professional, they do this for a living, and they have access to all the data they want. But it looks like they are the last one to panic, downgrading abk and mbi at the last minute, hence the greatest fool.

Thanks to them, I had my opportunities.

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• Moody gave those mortgage bonds AAA rating before -horse625- ♂ (0 bytes) () 08/16/2008 postreply 09:36:55