Signs Of The Times

摘要

• Go figure: Standard & Poor's, one of the rating agencies whose failure to see the risk in mortgage-backed derivatives had a direct impact on the 2008 credit crisis, downgraded U.S. credit. The street responded by buying U.S. Treasuries. • Please sir, may I have another? In a cruel twist of fate, Standard & Poor's issued its coveted AAA rating to securities backed by subprime home loans. This came after the agency stripped the United States of the top rating.