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S&P Gilded Gemstone With Top Grades as Mortgages Crumbled
Posted to: Around The Web
Wednesday, February 06, 2013 12:56 PM

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S&P Gilded Gemstone With Top Grades as Mortgages Crumbled Businessweek Standard & Poor's stamped 72 percent of a $1.04 billion collateralized debt obligation called Gemstone VII issued in February 2007 with AAA grades, granting the debt the same gilded credit rating it bestowed on the U.S. government at the time. The ratings ...


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