11-05-18 07:41 AM - Post#264226 In response to palestra38
S&P and Moody’s rated many of the subprime mortgages as investment grade which means they thought less than 5-6% defaults could happen in a worst case scenario. Defaults were 20-40%. Thousand of investors bought those securities after careful analysis and invested in them as the “safe†part of their portfolio.
And only Trump still tho is the world is flat. Never is a long time.