Investment firms should be liable for this debacle - when AAA doesn't mean AAA, that's fraud

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Reader comment on:
Tort Lawsuits Soar Over Subprime Lending
in response to reader comment: Credit 101 to bankers

Submitted by Tom Falk, Jan 18, 2008 21:27

I believe that the investment firms investing in or distributing (Mutual Funds) that contained sub-prime loan securities but were rated at Investment grade securities, should be sued on behalf of the shareholders. The Investment grade bond market has been hammered by the fallout of the subprime mortgage debacle. It has caught a lot of investors by surprise to find that their "safe bond portfolio's" are not so safe after all. I think some people need to go to jail on this one. Enron is a walk in the park compared to this financial crisis.

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Other reader comments on this article

Comment	By	Date
I have had serious questions about the sub prime lending, credit bureaus. and entire credit rating systems as they have... [MORE]	Gerald Gallagher	Jan 7, 2008 17:07
In December 1863, H. McCulloch, U.S. Comptroller of the Currency and later Secretary of the Treasury, wrote to all national... [MORE]	Elie Elhadj	Jan 4, 2008 17:46
I believe that the investment firms investing in or distributing (Mutual Funds) that contained sub-prime loan securities but were rated...	Tom Falk	Jan 18, 2008 21:27

Reader comment on:Tort Lawsuits Soar Over Subprime Lendingin response to reader comment: Credit 101 to bankers

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Comment on Tort Lawsuits Soar Over Subprime Lending

Reader comment on:
Tort Lawsuits Soar Over Subprime Lending
in response to reader comment: Credit 101 to bankers