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To: proxy_user

GS would have just said that Moody’s assigned a AAA rating and that GS isn’t in the ratings business.


8 posted on 11/01/2009 2:14:02 PM PST by Neidermeyer
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To: Neidermeyer

I am not talking about a small investor buying a $10K bond, but a pension fund treasurer buying $100 million worth. If the sales team declined to give an opinion on the bonds while pitching for the business, they probably wouldn’t make many sales. At the very least, an sensible buyer would consider such an answer highly suspicious.


25 posted on 11/01/2009 3:16:42 PM PST by proxy_user
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