Here's the best explanation of the subprime mortgage meltdown that I've seen. Very easy to understand, very straightforward. I certainly wouldn't want to own shares in Moody's right now.
It truly is amazing that Goldman makes money at the end of the day, but I guess we shouldn't be surprised. Think there's a message in the fact that Goldman isn't interested in participating in the $100B bailout fund that Citi and B of A are putting together to bail out their own exposure to crappy subprime products?
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