This page has been archived and commenting is disabled.
Fitch Places 3 BofA ABCP Conduits On Rating Watch Negative
Here is an example of how the blogosphere is destructive to the cataclysm that is the US economy: we present the truth. To wit: Fitch Ratings has placed the 'F1+sf' ratings on three Bank of America N.A.-sponsored ABCP conduits on Rating Watch Negative. Next up: all of BofA's MBS conduits to be downgraded on complete legalese vacuum on pervasive fraud.
Fitch Ratings-New York-25 October 2010: Fitch Ratings has placed the 'F1+sf' ratings on three Bank of America N.A.-sponsored ABCP conduits on Rating Watch Negative.
The rating actions follow Fitch's Oct. 22 announcement to place the 'A+/F1+' IDR ratings of Bank of America N.A. on Rating Watch Negative.
The ratings of the ABCP issued by the three conduits are linked to the ratings of Bank of America N.A. as the sponsor and direct credit and liquidity support provider.
Fitch has placed the following ABCP conduits, all rated 'F1+sf', on Rating Watch Negative:
- Kitty Hawk Funding Corp.;
- Ranger Funding, LLC;
- Yorktown Capital
And one last question: we wonder when will the punditry realize that robosigning-type oversight issues could have easily bled out to such additional securitization markets as ABCP and pretty much everything else.
»
- 4920 reads
- Printer-friendly version
- Send to friend
- advertisements -
Present the truth and the Law Firm of Lenin, Stalin & Mao LLP, will hire cnbc to do its contracting.
Dewey, Cheatem & Howe
The Three Stooges
http://www.123posters.com/stooges7.htm
cnbc the worlds largest, most prolific purveyor of fraud. day after day - no reporting on the facts or real economy.
"extend and pretend" has many interest groups supporting it...
http://themacronavigator.blogspot.com
So eat that Erin Burnett...beotch.
now Pissani saying BAC issue is like BP issue...being overhyped. What a complete shillsawing tool that wad of organic waste is.
Bank Run! Wooo Hoooo!
whoop whoop..talked to my mom about getting out of BofA over the weekend. just called her and told her to GTFO now. I'm probably gonna get my mouth washed out with soap...
Did the same with my wife. And that got me thinking, how many others are doing this?
Who cares about the mainstream medias, seriously? Let's ignore them. Internet will exterminate them anyway.
'cause its like hearing your wife say, "I was wrong....and you were....right".
Erin Burnett probably snorting up all her remaining coke right now. You wanna WAR! Come and get it! Say hello to my little B cup friends!
I've heard her sex tape is something to behold, however.
Wait, was Erin one of them in '2 Girls, 1 Cup'? OMG what a disgusting ho!
Negative, pretty sure she was the fella in 1 guy 1 jar
she really is a card carrying memebr of the itty bitty committee...doesn't hold my attention at all
Stop being RUDE!
Friggin crooks...Check out the video "Party Like It's 1929" at http://youtu.be/an0kTILeXic for more info on the BAC disaster.
Chart: ES and ZB
Long Bond selling off.
http://99ercharts.blogspot.com/2010/10/es-zb_2178.html
http://www.zerohedge.com/forum/99er-charts
Benjamin, we need a drop over here in Sector CR. Do you copy?
Roger . Will do drop in about a week after election. over
GOD, where's Ken Lewis when we need him? He'd turn this ship around.
Yeah, he'd hit the iceberg head-on instead of circling it. Miss old Kenny boy.
Ken. Call Tangelo. He's got the inside dope on buying off the SEC.
BAC, burn in hell!
LMAO, remember, these three are CURRENTLY rated "F1":
Zis is zee highest kwalitee! Only da best fo you!
All your kwalitee is belong to me.
just unplug the damn conduit
die JP Morgan, die. we hope all the bank CDS you sold tear a hole in your undead ass.
More cowbell please.
Defaultous is comin!
Someone, anyone !
Chart: SPX
http://99ercharts.blogspot.com/2010/10/spx_9562.html
http://www.zerohedge.com/forum/99er-charts