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Welcome, Stub62

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Joined on 8/6/2011

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S&P cuts US credit rating by one notch

Incredible world we live in where credit rating agencies destroyed the housing market and cheated investors by rating CDO's (collateralized debt obligations = packages of worthless subprime mortgage loans)  AAA just 3 years ago when they should have been junk bonds (BBB) and now they have the gonads to again threaten t...more
8/6/2011
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