How wrong can you be?

Posted on

I was sent the following from Standard & Poors, the rating agency, published March 2007:

Exposure to the subprime mortgage sector does not threaten the rating stability of the bond insurers.

Above and beyond their benchmark of underwriting transactions to an investment-grade standard, the industry has exceeded this minimum measure in such a way that macro subprime problems have been limited.

How wrong can you be?


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: