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Post by jeffolie on Aug 1, 2007 12:57:42 GMT -6
Totally Discredited S&P 2007-08-01 "The S&P is sure right on top of things as this 3:42 PM headline shows: S&P Puts AHM Rankings on Negative Watch. Wow. What a bold, stunning, and timely move by the S&P." Standard & Poor's Ratings Services on Tuesday placed its "average" residential prime ranking for American Home Mortgage Investment Corp. on credit watch with negative implications. The ratings agency also removed the home lender from its "select servicer list." S&P believes the company's financial troubles could result in higher turnover in its servicing operation and hurt servicing performance. How clever of the S&P to figure out that a company that has stopped doing business might experience "higher turnover in its servicing operation and hurt servicing performance". That is simply stunning analysis. Who else could have figured that out? S&P: “Any user of the information contained herein should not rely on any credit rating or other opinion contained herein in making any investment decision.” globaleconomicanalysis.blogspot.com/2007/08/totally-discredited-s.html
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Post by unlawflcombatnt on Aug 1, 2007 13:06:43 GMT -6
S&P believes the company's financial troubles could result in higher turnover in its servicing operation and hurt servicing performance. How clever of the S&P to figure out that a company that has stopped doing business might experience "higher turnover in its servicing operation and hurt servicing performance". That is simply stunning analysis. Who else could have figured that out? LOL Who would have thunk it??
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