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View Diary: William K. Black to FDIC/Obama: Stop the Friggin Fraud (178 comments)

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  •  I should have used the term "as safe as" (1+ / 0-)
    Recommended by:
    Badabing

    from the Moody's website.

    Aaa

    The very best rating that Moody's can assign to a bond is Aaa, known informally as "triple-A." A triple-A rating from Moody's indicates that an issuer has an extremely strong financial condition, and the chance of default is negligible. Moody's considers Aaa-rated bonds to have minimal credit risk. Only a limited number of American companies or municipalities qualify for a Aaa rating on their own. Many Aaa-rated bonds are insured against default by an outside insurance agency.

    "When fascism comes to America, it'll be wrapped in a flag and carrying a cross." Sinclair Lewis

    by lakehillsliberal on Fri Oct 22, 2010 at 07:24:05 PM PDT

    [ Parent ]

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