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Microsoft Corporation Message Board

  • jebus_watches_foxnews jebus_watches_foxnews Feb 10, 2013 9:31 PM Flag

    2003-2007 Credit Rating Victims Didn’t Know S&P’s Toxic AAA Born of Greed (Who was president? Who Controlled Congress?)

     

    Credit Rating Victims Didn’t Know S&P’s Toxic AAA Born of Greed
    Bloomberg:

    When Charles O. Prince III was chief executive officer of Citigroup Inc. from 2003 to 2007, he didn’t know about a surge in mortgage risk that his own investment bankers loaded on to its bank’s books.

    Because such debt carried top credit ratings from firms such as Standard & Poor’s, few financial executives paid attention to the potential dangers.

    WHO WAS PRESIDENT FROM 2003-2007? WHICH PARTY CONTROLLED CONGRESS FOR MOST OF THAT TIME?

    This topic is deleted.
 
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