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money.cnn.com - 3/23/2009

Should USA still be AAA? - Mar. 23, 2009

— money.cnn.com — NEW YORK (CNNMoney.com) -- When the Federal Reserve announced last week it was buying $300 billion in... long-term Treasury notes, the move was viewed as one of the safer bets the central bank has made recently. After all, the Fed has either bought or ... (more) Should USA still be AAA? - Mar. 23, 2009

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reuters.com - 3/13/2009

Moody's may cut ratings on 23 U.S. regional banks | Industries | Financial Services & Real Estate

— reuters.com — NEW YORK, March 12 (Reuters) - Moody's Investors Service on Thursday said it may cut the bank... financial strength ratings of 23 U.S. regional banks because the housing and economic crisis will lead to significantly higher credit losses than it earlier ... (more) Moody's may cut ratings on 23 U.S. regional banks | ...

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Moody's

Financial Crisis

Anglo Irish Bank

PNC Financial Services

SunTrust Banks

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nytimes.com - 3/18/2009

Warren Buffett and the Rating Agencies

— nytimes.com — In his annual Berkshire Hathaway letter, Warren E. Buffett recently urged investors to pose tough questions at... the shareholders meeting in May. Here is one on the mind of some Buffett watchers: When are you going to fix Moody’s ? Mr. Buffett, known as ... (more) Warren Buffett and the Rating Agencies

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Warren Buffet

Moody's

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Moody's may Downgrade $241 Billion in Prime Jumbo Securities
Calculated Risk — From Reuters: Moody's may cut $241 billion jumbo mortgage debt ... reflecting widening stress in the U.S. housing market, Moody's Investors Service on Thursday said it may downgrade $240.7 billion of securities backed by prime-quality "jumbo" U.S. residential mortgages because defaults will be higher than they expected. ... It said 70 percent of the 2005 senior securities will likely remain investment-grade, with the rest falling to "junk." Securities issued later may suffer deeper downgrades. Moody's also said subordinated securities from 2006, 2007 and 2008 ...

Guest Post: Road to Reflation?
naked capitalism — ... The Back Story: Moody's says it may downgrade $241 billion in securities backed by so-called jumbo mortgages. This is a pretty big deal because these are considered prime loans, as opposed to the risky subprime mortgages that began the bubble burst. Jumbos, mortgages usually larger than $417,000, go to borrowers with good credit, and they've been widely used in the Seattle area. The credit rating service obviously expects more defaults -- not unreasonable given rising joblessness. And who knows what scary creatures are ...

Rally It Up - But What About Good Assets & The Household?
Manhattan Real Estate: New York City Real Estate Tips — ... that is quickly spreading to higher quality debt classes. It was only four days ago that Moodys came out and announced that they may downgrade $241 billion of securities backed by prime quality 'Jumbo' mortgages: ...

S&P Warns of Coming CRE Bust
Manhattan Real Estate: New York City Real Estate Tips — ... follows, "The price declines will impact property owners who are now underwater and can't refinance, and also impact banks and other investors in CMBS who will experience see higher default rates. The coming decline in non-residential investment will impact GDP and construction employment, but that decline will probably not be as severe as after the S&L; related boom." So lets see here, prime is starting to deteriorate faster than subprime, Jumbo prime faces $241 Billion of downgrades, lawyers are reporting of CRE deals falling apart mid-stride, ...