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  • Ben Graham Had It Right [View article]
    Part of the problem is that those in the business of securitizing mortgages turned to the familiar model used to grade the risks of corporate bonds. By using this familiar model, less explanation would be required as investors were already familiar the AAA, AA and other ratings typically assigned to corporate debt.
    Mar 11 10:23 am |Rating: +6 -2 |Link to Comment
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