"Today Bernanke called for improved and more transparent methods for rating companies issuing debt categories of worthiness, yet the majority of those firms that have issued $45 trillion in credit default swaps (derivatives)remain AAA rated for credit on their debt. Somebody has to be putting pressure on the rating companies not to come clean on the true condition of that debt. This is stand-up comical.
Buried behind today’s weather report was the article below.
I could go on and on, but today’s blizzard of white noise emphasizes that there is no practical solution to the credit problem and is therefore lie.
Actually it makes me ill...."
From http://www.jsmineset.com/home.asp
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- goldman s boss says credit crisis nears end
goldman s boss says credit crisis nears end, page-8
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