Where's the credibility for Ratings companies accused of fraud?
$$ buy ratings, everyone knows that.
Article on Marketwatch this morning about S&P seeks to consolidate 17 state lawsuits filed against them for phoney ratings.
Would you agree that they buy regulatory favors too?
NO, that's illegal.
Buying and selling your mbi portfolio yields desired results of elevated volume and may trick a few innocent bystanders too.
bottomline: suckers are fooled into selling however, not many left now.