Hows that bank bailout going

[BlueTiki]

Hey! username!

Ask your hubbie: "What was the year Moody's began rating US Treasury Bonds?"

Well that went well.

Me: I don't know, I looked it up and it sounds like it started during WWI.

Him: Gives me "that look" again.

Sorry, username. Didn't mean for that to happen.

Most SEC license holders (yes, I hold a Series 7) have no fucking clue.

US Treasury bonds were NEVER officially rated. They were the benchmark for "zero risk" investments. The gold standard of securities, one might say.

You've heard the phrase "full faith and credit of the US Government". That's it. That's the rating.

And now . . . the same fuckers who were receiving payment and OVER rating investment vehicles (from the bastards who were issuing "junk") are NOW chiming-in on Treasuries!

Cause fear, raise debt ceiling, agenda accomplished!

Hey, like I said . . . this is a question that most SEC license holders don't know.

And golly . . . this is one that I might NOT know either.

However . . . Fidelity shares my opinion, too . . . NOT rated.