They created very complicated, structured products. They sold the risky bits, those bits that the rating agencies thought were triple-B or single-A, but they held on to the triple-A assets, the riskless assets, the ones that were supposed to be as strong as the Government of Canada, for example.
Elles ont rendu les actifs risqués, ceux auxquels les agences de notation accordaient des cotes BBB ou A, mais ont conservé les actifs AAA, les actifs sans risque, ceux qui étaient censés être aussi solides que le gouvernement du Canada, par exemple.
