“… AAA securities did ok: on average, their total cumulated losses up to 2013 are 2.3 percent. … Together, these facts provide challenge the conventional narrative, that improper ratings of RMBS were a major factor in the financial crisis of 2008.”
“… AAA securities did ok: on average, their total cumulated losses up to 2013 are 2.3 percent. … Together, these facts provide challenge the conventional narrative, that improper ratings of RMBS were a major factor in the financial crisis of 2008.”