Wall Street Can't Cage Its Mortgage Monster
Los Angeles Times Published: July 22, 2007
Market Beat by Tom Petruno

In this environment, "no one believes that AAA is AAA," which just echoes down the rating scale, said Janet Tavakoli, head of Tavakoli Structured Finance Inc. in Chicago and an expert on mortgage securities. [JT Note: Actually up the rating scale, but that's the general idea.]


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