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Charlie would tell you to listen to what the market is saying.

So I guess I'd ask you, or Charlie, or anyone else who's done this for a while:

Has there always been this kind of disparity among bonds of different issuers with the same ratings?

Or did there used to be more uniformity, until recently when the whole rating process has gotten called into question?

Just wondering if this is a new phenomenon related to the financial crisis or if it's always been this complicated and confusing!

thanks,
dan
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