Moody's irresponsible
..........
Chart 5 shows what would have to have to happen to the 2006 performingsubprime mortgage loans to get to a 30% loss, even with assumedseverity bumped up to 65%. You read that right: Over 100% of the currently performing loans would have to default.
..........
This is what Martin Whiteman called "arbitrary" judgment of rating agencies. Sadly, we have to cope with a imperfect world.
Moody\'s: Simply Irresponsible, (mbi, abk related)
longtermInvestor (2008-10-14 20:46:45) 评论 (0)
Moody's irresponsible
..........
Chart 5 shows what would have to have to happen to the 2006 performingsubprime mortgage loans to get to a 30% loss, even with assumedseverity bumped up to 65%. You read that right: Over 100% of the currently performing loans would have to default.
..........
This is what Martin Whiteman called "arbitrary" judgment of rating agencies. Sadly, we have to cope with a imperfect world.
..........
Chart 5 shows what would have to have to happen to the 2006 performingsubprime mortgage loans to get to a 30% loss, even with assumedseverity bumped up to 65%. You read that right: Over 100% of the currently performing loans would have to default.
..........
This is what Martin Whiteman called "arbitrary" judgment of rating agencies. Sadly, we have to cope with a imperfect world.