tag:blogger.com,1999:blog-11399351.post5925088736327454891..comments2024-01-03T16:44:00.428+05:30Comments on Race for Perfection has no Finish Line: Subprime and the Rocking MarketsYashasvi Arunhttp://www.blogger.com/profile/05681907662081940459noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11399351.post-41935516095742707242007-11-11T17:24:00.000+05:302007-11-11T17:24:00.000+05:30Hey Yash, After a long time I am reading your blog...Hey Yash, After a long time I am reading your blog and I was not dissappointed, I learnt a few things. <BR/><BR/>I would like to add a few thing to the article. The role of credit rating agencies in the process of securitization. When the I-Banks packaged the sub prime debts, they did it in consultation with the rating agencies like Moody's & S & P to deciede the product mix. Essentially, they clubbed Z rated instruments with A++ to get a B. Then added another A++ to get A. Once an instrument is branded A by the rating agency, the selling become easier. This is what made these instruments so popular and the damage so widespread. Bloomberg carried out an extensive article over how the rucus was created and how firms are doing the fire fighting.Rajesh Nandigamahttps://www.blogger.com/profile/14948609869125050377noreply@blogger.comtag:blogger.com,1999:blog-11399351.post-88805258096686956772007-10-19T00:20:00.000+05:302007-10-19T00:20:00.000+05:30excellent write up on subprime lending I am aditya...excellent write up on subprime lending <BR/>I am aditya an mba student from FMS delhi <BR/>thank u fr this article <BR/>want more such simplified ones <BR/><BR/><BR/>adita modi<BR/>FMS delhi<BR/>adityam.fms@gmail.comAnonymousnoreply@blogger.com