{"id":4235,"date":"2009-07-06T14:37:09","date_gmt":"2009-07-06T12:37:09","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2009\/07\/06\/how-wrong-can-you-be\/"},"modified":"2009-07-06T14:37:09","modified_gmt":"2009-07-06T12:37:09","slug":"how-wrong-can-you-be","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/07\/06\/how-wrong-can-you-be\/","title":{"rendered":"How wrong can you be?"},"content":{"rendered":"<p>I was sent the following from <a href=\"http:\/\/www.assuredguaranty.com\/Content\/Content\/2670\/Documents\/03-28-07-SP-Subprime.pdf\" target=\"_blank\">Standard &amp; Poors<\/a>, the rating agency, published March 2007:<\/p>\n<blockquote>\n<p>Exposure to the subprime mortgage sector does not threaten the rating stability of the bond insurers. <\/p>\n<p>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.<\/p>\n<\/blockquote>\n<p>How wrong can you be? <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was sent the following from Standard &amp; Poors, the rating agency, published March 2007: Exposure to the subprime mortgage sector does not threaten the<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/07\/06\/how-wrong-can-you-be\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-4235","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=4235"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4235\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=4235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=4235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=4235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}