Someone remind me here…What ratings did S&P, Moody’s and A.M. Best give the AIG credit default swaps????? Why did the “savy” investers buy those things to start with??? Was it because of a AAA rating by these agencies? When Enron went down, Arthur Anderson did as well because Enron would have never got away with their stuff if Arthur Anderson had properly exposed Enron for what it was. Why is S&P still here???
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Someone remind me here…What ratings did S&P, Moody’s and A.M. Best give the AIG credit default swaps????? Why did the “savy” investers buy those things to start with??? Was it because of a AAA rating by these agencies? When Enron went down, Arthur Anderson did as well because Enron would have never got away with their stuff if Arthur Anderson had properly exposed Enron for what it was. Why is S&P still here???