AAA+

Why Aren't Rating Agencies Moving U.S. Treasuries to Junk Bonds?

The agencies only move after the event. Lehman's AA on Friday and Chapter 11 on Monday!! Since Merkel and Sarkosy were negatively vocal about them last year there seems to be deathly silence since. I am guessing they must be huge contributors to the members of the Select Finance Committee like 2 GSEs we know.

AIG: The Success of Failure

And all this while the NEW CEO was Chairman. Talk about feathering your future nest!!

Martin Sullivan Deathwatch

The shareholders should start with sacking the non executive directors first. They clearly are overpaid for the job they are not performing. Look where the (newish) Chairman spent most of his career .... Citi!