Wednesday, October 29, 2008

My Kingdom for a "AAA"

I would like to remember the name of the professor who said that "AAA" was not an optimal rating / structure.

In today's environment, "AAA" means that the world is your oyster, at least in the financial world (apart from what the government is doing ...).

You'll notice that the Corporate Governance Quotient is low for a few of the insurers who have gotten ... pounded, frankly.

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