Subprime Mortgage Bonds Getting AAA Rating S&P Denies to U.S. Treasuries

Let's not take the S&P downgrade too seriously -- below link is from Bloomberg News:

"Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the U.S. government."

http://www.bloomberg.com/news/2011-08-31/subprime-mortgage-bonds-getting-aaa-rating-s-p-denies-to-u-s-treasuries.html