Just one, not all. Start small.

Standard & Poor’s said it may downgrade 1,196 securities tied to U.S. residential mortgages after it “incorrectly analyzed” the debt in light of the securitizations’ actual structures. The bonds were created mostly this year in 129 transactions called re-remics, which are formed by repackaging existing home- loan securities, New York-based S&P said today in a statement.

S&P Says It ‘Incorrectly Analyzed’ Re-Remic Mortgage Bonds [BW]

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Comments (22)

  1. Posted by Guets | December 15, 2010 at 9:48 PM

    over my dead body.

    -s&p chief

  2. Posted by Guets | December 15, 2010 at 9:48 PM

    over my dead body.

    -s&p chief

  3. Posted by indridcold | December 15, 2010 at 10:09 PM

    FUCK THAT

    -Moody’s

  4. Posted by indridcold | December 15, 2010 at 10:09 PM

    FUCK THAT

    -Moody’s

  5. Posted by Koolaidisfun | December 15, 2010 at 10:18 PM

    Hey, we will rate securities the proper way! Someone play with us, we matter!!

    Hello? Is this still on?

    -Fitch

  6. Posted by Koolaidisfun | December 15, 2010 at 10:18 PM

    Hey, we will rate securities the proper way! Someone play with us, we matter!!

    Hello? Is this still on?

    -Fitch

  7. Posted by Anonymous | December 15, 2010 at 10:29 PM

    Yes- we’re here.

    -Dominion Bond Rating Service

  8. Posted by Anonymous | December 15, 2010 at 10:29 PM

    Yes- we’re here.

    -Dominion Bond Rating Service

  9. Posted by parmalat | December 15, 2010 at 10:46 PM

    Please be advised that due diligence will not be required. Our accounts are true and properly reflect our cash position. I consider it an insult should you feel otherwise.

    Calisto Tanzi
    Parmalat SPA

  10. Posted by parmalat | December 15, 2010 at 10:46 PM

    Please be advised that due diligence will not be required. Our accounts are true and properly reflect our cash position. I consider it an insult should you feel otherwise.

    Calisto Tanzi
    Parmalat SPA

  11. Posted by Vajazzle | December 15, 2010 at 10:48 PM

    Waffles? Waffles.

  12. Posted by Vajazzle | December 15, 2010 at 10:48 PM

    Waffles? Waffles.

  13. Posted by Vajazzle | December 15, 2010 at 10:48 PM

    Waffles? Waffles.

  14. Posted by Guest | December 15, 2010 at 10:56 PM

    New years resolution
    To smack more Moody’s ladies asses at the next Christmas party.

    Marc Brammer
    Director Moody’s
    Owner RealCatholicTV.com
    Member Opus Dei Club of South Bend Indiana

  15. Posted by Guest | December 15, 2010 at 10:56 PM

    New years resolution
    To smack more Moody’s ladies asses at the next Christmas party.

    Marc Brammer
    Director Moody’s
    Owner RealCatholicTV.com
    Member Opus Dei Club of South Bend Indiana

  16. Posted by Guest | December 15, 2010 at 10:56 PM

    New years resolution
    To smack more Moody’s ladies asses at the next Christmas party.

    Marc Brammer
    Director Moody’s
    Owner RealCatholicTV.com
    Member Opus Dei Club of South Bend Indiana

  17. Posted by S&P Corporate Ratings MD | December 16, 2010 at 1:01 AM

    I think this is a good idea. We’ll start by downgrading Moody’s.

  18. Posted by S&P Corporate Ratings MD | December 16, 2010 at 1:01 AM

    I think this is a good idea. We’ll start by downgrading Moody’s.

  19. Posted by S&P Corporate Ratings MD | December 16, 2010 at 1:01 AM

    I think this is a good idea. We’ll start by downgrading Moody’s.

  20. Posted by S&P Corporate Ratings MD | December 16, 2010 at 1:01 AM

    I think this is a good idea. We’ll start by downgrading Moody’s.

  21. Posted by S&P Corporate Ratings MD | December 16, 2010 at 1:01 AM

    I think this is a good idea. We’ll start by downgrading Moody’s.

  22. Posted by Guest | December 16, 2010 at 2:07 PM

    How can you screw up rating securities? Ours are awesome, they have big black jackets and make sure to keep the hobo’s out.

    -Former LEH Quant