User 147557

Monolines: S&P to the Rescue

Why do the MBIA and Ambac need the rating? They will never get anything but AAA anyway. The whole rating system is a joke.

The Real Risk: Ambac Loses its AAA Rating

I strongly believe that Ambac will not lose the AAA rating NO MATTER WHAT. The credit rating companies no longer have credibility. They just try to buy time for these insurers. At the end, it will be like MBIA that still get to keep the AAA rating from S&P. The whole credit rating system is rotten.

MBIA, S&P and What AAA Really Means

Totally agree with the author. Shame on the credit rating companies.