AAA Rated, Sub-Prime Debt
Isn’t this the same as Kosher Pork, Jumbo Shrimp, and Violent Pacifists?
No. Those are subprime borrowers who have not missed or been late on a single payment.
On many occasions people are considered subprime borrowers not because they don’t have the money to pay their payments, but because some ID thief ran their credit score to the ground, or a relative died and they had to open another credit card to pay for the sudden expenses, etc.
Bad credit doesn’t automatically mean bad people.