k45

The World's 50 Safest Banks in 2009

Agreed on everything said about the corrupt rating agencies. GE is still rated AAA with a "possibility" of a downgrade in TWO years. By then the problem will either be past (unlikely) or GE will have gone down the tubes.

Honest ratings is something NOT provided by the rating agencies.

Never Listen to the Rating Agencies

GE bonds have been trading with yields 2% higher than AA rated bonds. Obviously the market knows a lot more than "Johnny come lately" S&P.

But two years? Yes, S&P obviously makes their ratings by looking in the rear view mirror. By then GE either will be past the problem, or will have crumbled. Either way, an honest assessment would have downgraded GE months ago. The market already did.