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Political Factoid
Standard and Poor's
- Assured everyone
(early in the 21st Century)
that investment-grade CDOs
(collateralized debt obligations)
were safe.*
- In 2011 said the U.S.Government's
credit rating was shaky.
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Thus, they covered up the risks
that led to the total subprime meltdown
during the latter years of the
Bush White House.
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