This would have been an appropriate heading for this article on S&P's decision to downgrade U.S. government debt. S&P gave investment grade rating to hundreds of billions of dollars of mortgage backed securities. They received tens of millions of dollars from the investment banks for these ratings.
Credit Rating Agency that Rated Subprime MBS Investment Grade, Downgrades U.S.
Posted by mortgage 290 days ago (Editorial)
Who Voted for this Story
Mortgage How to Get is an informational resource about mortgage news and information.
Comments