Standard & Poor giving AAA rating it denied to U.S. treasuries to subprime mortgage bonds


http://www.bloomberg.com/news/2011-08-31/subprime-mortgage-bonds-getting-aaa-rating-s-p-denies-to-u-s-treasuries.html

These are the same mortgage bonds (created by bundling a category of mortgages together) that were rated AAA prior to the financial crisis and then were dropped to junk status by the rating companies, thus initiating the 2008 financial crisis.

One has to wonder about the financial wisdom of the rating agency.

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