European Tribune - Comments - Perverted ratings helped sink the ship

Perverted ratings helped sink the ship | 61 comments (60 topical, 1 editorial, 1 hidden)

Re: A case for a shareholder lawsuit? (none / 1)

But if German sovereign debt goes belly-up, then you have bigger problems than the value of your pension portfolio.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Oct 20th, 2009 at 08:23:46 AM EST
[ Parent ]

Re: A case for a shareholder lawsuit? (4.00 / 2)

But German sovereign debt has very low yield compared with other "investment grade" bonds.

So you invest in corporate bonds that yield 5% and then wonder why 1/20 of them default on you any given year :P

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Tue Oct 20th, 2009 at 08:28:33 AM EST
[ Parent ]

Perverted ratings helped sink the ship | 61 comments (60 topical, 1 editorial, 1 hidden)

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