Truth Stranger than Fiction: MBIA Declines Ratings [View article]
Fitch, Moody's et al should create a category for this set of circumstances and give the companies that fit the criteria that rating. Let the marketplace decide whether they want to invest in companies with that rating OR let the SEC do the rating, free of charge, using GAAP, for all companies.
Truth Stranger than Fiction: MBIA Declines Ratings [View article]