Comments on: That’s gotta sting: Wachoiva to buy back $9 billion in auction rate securities http://blownmortgage.com/2008/08/15/thats-gotta-sting-wachoiva-to-buy-back-9-billion-in-auction-rate-securities/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Doug http://blownmortgage.com/2008/08/15/thats-gotta-sting-wachoiva-to-buy-back-9-billion-in-auction-rate-securities/comment-page-1/#comment-12967 Doug Mon, 18 Aug 2008 15:59:29 +0000 http://blownmortgage.com/?p=1227#comment-12967 How is this any different from them calling subprime loan backed securities AAA? <br><br>Thats fraud as well. <br><br>The only difference is they ripped off the government with these bonds. How is this any different from them calling subprime loan backed securities AAA?

Thats fraud as well.

The only difference is they ripped off the government with these bonds.

]]> By: Tom Johnson http://blownmortgage.com/2008/08/15/thats-gotta-sting-wachoiva-to-buy-back-9-billion-in-auction-rate-securities/comment-page-1/#comment-12966 Tom Johnson Sat, 16 Aug 2008 11:30:08 +0000 http://blownmortgage.com/?p=1227#comment-12966 Morgan: It shouldn't hurt too badly, after all, those securities were rated S&P AAA when they sold them to the little old lady pensioners as a great way to earn more than CD interest on their savings. Morgan: It shouldn't hurt too badly, after all, those securities were rated S&P AAA when they sold them to the little old lady pensioners as a great way to earn more than CD interest on their savings.

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