goldman is talking its book, oh wait, the analysts and the trading desk are of course separated by a chinese wall, so that thought is absolutely off the mark the ratings agencies (s&P) wwere very calm since they have incorporated even worse losses in their bstress test scenarios. but gee, gs and dinallo are probably in a better position to assess AAA requirements than the ratings agencies themselves. go figure mbi and abk have been declining ovcer the past 4 months precisely in anticpation of these losses so what#s the big news here? sure, perception and fear are running wild what is understandable but still keeps people from properly assessing the situation
Monolines' All-Important Debt Rating Threatened [View article]
the ratings agencies (s&P) wwere very calm since they have incorporated even worse losses in their bstress test scenarios. but gee, gs and dinallo are probably in a better position to assess AAA requirements than the ratings agencies themselves. go figure
mbi and abk have been declining ovcer the past 4 months precisely in anticpation of these losses so what#s the big news here?
sure, perception and fear are running wild what is understandable but still keeps people from properly assessing the situation