Dan M <[EMAIL PROTECTED]>
>> But, you talk as though A2 represents risky companies.
They are riskier than AA. That is the point.
> This is for a market that fully expected a bail-out.
No, it was not full, only about 75%.
> For example, do you really think the odds of GE defaulting on 1 day paper is
> significantly higher than it was 2 weeks ago?
I have no idea. The market evidently decided that, distributing the available
funds among available comapnies, that GE was less desirable than some
others.
Do you really think you know what the interest rate should be for lending to
companies?
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