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A comment on The horrifying AAA debt-issuance chart. Parent comment

Re:The horrifying AAA debt-issuance chart by VladRussian on Friday July 15, 2011 @04:49PM (#2769035)
i guess people either understand "grading on the curve" or not :)

Anyway, seems to be a business opportunity to start issue ratings for AAA papers, as obviously there is a lot of junk AAA out there.

[ Parent | on HN ]
Re:The horrifying AAA debt-issuance chart by orofino on Friday July 15, 2011 @05:00PM (#2769078)
The documentary "Inside Job" covers why and how the "grading on a curve" happened. I'd recommend it if you're at all interested in this stuff.
[ Parent | on HN ]