4 ms·
Those chopped-up pieces of crap got lumped together in big collections which got rated AAA, because the people rating them assumed that not too many of the litt
by DennisP 4y ago
Those chopped-up pieces of crap got lumped together in big collections which got rated AAA, because the people rating them assumed that not too many of the little pieces would fail at the same time.
- loeg 4y agoI think GP covered that with: > though some were fraudulently marketed as such
- DennisP 4y agoI don't think what I described was entirely fraud. I think people honestly underestimated how correlated the failures could become. (But I won't deny that there was also fraud, and economic incentives for inflated ratings.)