U.S. Bank Franchises Could Be Damaged [View article]
Most of the later write down were caused by the rating agencies incompetent judgement on the monolines like AMBAC and MBIA on their ratings, the downgrade have caused a bloody mess in the finantials, some smaller banks went bunkrupt and some broker firms like Merrill have to save their necks by fire sale of CDOs. They have a lot of blood in their hands and now they will pay the price in billions of damages!!!!!!
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Most of the later write down were caused by the rating agencies incompetent judgement on the monolines like AMBAC and MBIA on their ratings, the downgrade have caused a bloody mess in the finantials, some smaller banks went bunkrupt and some broker firms like Merrill have to save their necks by fire sale of CDOs. They have a lot of blood in their hands and now they will pay the price in billions of damages!!!!!!
Jul 31 13:25 pm
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