…of France and Austria from AAA to AA+ as the same as a downgrade to the US or Japan. Furthermore, his title implies that these downgrades are irrelevant. I wholly…

…financial system would soon experience a dearth of safe assets & would freeze up; so his adminstrations tax cuts were initiated in order to keep levels of AAA assets high…

…serve as transaction assets and thus either back or act as a medium of exchange. AAA-rated MBS or sovereigns have served as collateral for repurchase agreements, which Gary Gorton has…

…a CDS from AAA rated AIG counted as AAA debt, thus banks could gamble more if they bought a CDS from AIG. Would this still work if the bank sold…

…argument that some entities have no expertise so they have to buy AAA. I don’t think you need any expertise to beat an AAA return. I think that the quality…

…effects. For example, banks have to satisfy minimum capital requirements which depend on total holdings rated AAA, C and in between. The rules of private entities might be even more…

…isn’t there. Here is a prime example: General Electric (GE; the company that Jack eviscerated) has a AAA credit rating. It is also paying a 31 cent per share quarterly…

…BBB rated corporate bonds was rated AAA. Turning BBB to AAA is worth a lot of money except for the fact that it was a scam (investors could pool themselves…

…AAA bonds, but made fortunes doing so; people who had no business rating those loans as AAA, but made a fortunes doing so; and people who had no business buying…

…of Treasurys. Primary dealers may now pledge AAA/Aaa-rated asset-backed securities, in addition to already eligible residential- and commercial-mortgage-backed securities and agency collateralized mortgage obligations. Accepting asset-backed paper could help provide…