Frontrunning: July 19

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Tue, 07/19/2011 - 09:03 | 1469669 buzzsaw99
buzzsaw99's picture

buzzsaw suggests that moody's go to hell.

Tue, 07/19/2011 - 11:09 | 1470205 SheepDog-One
SheepDog-One's picture

Nah, Buzz, lets eliminate the debt ceiling! And the budget itself! WTF we're 98% down the road to total insanity anyway, lets go all the way! No ones going to STOP it anyway, so lets go full retard and just have fun!!

Tue, 07/19/2011 - 09:04 | 1469671 Deepskyy
Deepskyy's picture

That Moody's peice is sheer brilliance!  Lets give an already fiscally irresponsible entity a credit card with no limit!  I'm sure that will help get them to curb spending.



Tue, 07/19/2011 - 09:47 | 1469826 DaBernank
DaBernank's picture

No need to curb spending, just print as needed.

Tue, 07/19/2011 - 10:35 | 1470023 MonsterBox
MonsterBox's picture

Make no mistake: abolishing the Debt Ceiling is exactly what they will do. 

They cannot/will not cut spending for the same reason they cannot/will not raise taxes appreciably - Political Suicide. 

They're sensitive to that, more sensitive than to our future collapse.

Gramm-Rudman (balanced budget) was killed for EXACTLY the same reason.

Bull Shit?  Sure.  What do you seriously expect?

"As the dog returns to his vomit, so does a fool to his folley."

Tue, 07/19/2011 - 09:04 | 1469676 Cash_is_Trash
Cash_is_Trash's picture

Moody's suggests U.S. eliminate debt ceiling

- Moody's employees found smoking crack cocaine during lunch, making GM employees look like angels.

Tue, 07/19/2011 - 09:05 | 1469677 Iriestx
Iriestx's picture

No debt ceiling?  Free gay marriages and abortions for everyone!

Tue, 07/19/2011 - 09:11 | 1469695 the not so migh...
the not so mighty maximiza's picture

A Caddy in every garage and a lobster in every pot!!!!!

Tue, 07/19/2011 - 09:16 | 1469708 Iriestx
Iriestx's picture

[jive] OBAMA GONNA PAY MY MORTGAGE!@!!!! [/jive]

Tue, 07/19/2011 - 09:18 | 1469718 the not so migh...
the not so mighty maximiza's picture

Then she woke up,  Obama ain't paying shit

Tue, 07/19/2011 - 09:21 | 1469727 Iriestx
Iriestx's picture

She should have incorporated herself as a invenstment bank, and changed her last name to something Jewish.  She's be a trillionaire by now.

Tue, 07/19/2011 - 10:32 | 1470013 the not so migh...
the not so mighty maximiza's picture

We will all be rich I tell ya.

Tue, 07/19/2011 - 09:08 | 1469689 Cdad
Cdad's picture

Would someone over at COMCAST please just commence dry heaving the idea of putting Cramer on in the morning? Thank you.

BTW...he just wrote the epitath for Goldman...almost certainly greenlighting the entire world to buy those shares.  Look for the reversal, as well as the continued sell off in COP after the C man told everyone to buy the top in that one.

Good grief.

Oh, and as for Moody's, ditto on shutting that operation down for its supremely moronic call to simply eliminate the debt ceiling.

Tue, 07/19/2011 - 11:05 | 1470222 SheepDog-One
SheepDog-One's picture

Who the hell made MOODY'S the worlds leading authority on macroeconomics? I thought they were a bunch of book keeper accountants. 

Tue, 07/19/2011 - 09:11 | 1469696 I am a Man I am...
I am a Man I am Forty's picture

why does everyone frame the fucking story that raising the debt limit and paying bond holders is the exact same fucking thing

Tue, 07/19/2011 - 11:07 | 1470236 SheepDog-One
SheepDog-One's picture

None of them actually know what the hell theyre talking about, remember NONE of these people saw 2008 coming AT ALL!!

Tue, 07/19/2011 - 09:12 | 1469701 snowball777
snowball777's picture

Uncle Warren is "Moody" when his bonds go down and Becky won't.

Tue, 07/19/2011 - 09:21 | 1469730 Critical Path
Critical Path's picture

Eliminate the debt ceiling, comical... although one might argue the imposed debt ceilings are essentially worthless (see previous increases to the debt limit) and that by default the U.S. never had one to begin with.  Nice try though Moodys... what is your business model again?

Tue, 07/19/2011 - 09:23 | 1469732 Careless Whisper
Careless Whisper's picture

Thank You federal taxpayers. You just bought the Greenwich CT police dept. a new $600,000 boat. For Long Island Sound. For security. Never to be used for joy rides. They already have 2 boats.

Tesei said the Police Department has two boats that fall within the same category as the homeland security craft, and a Fiberglass boat rented out for special events such as Swim Across America.

One resident says don't take the money.

It's always terrific to get new boats, until you have to pay for them," Isbrandtsen said. "The federal government has no money. They really shouldn't be giving this to us."

Tue, 07/19/2011 - 10:01 | 1469866 snowball777
snowball777's picture

Dear Mr. Lockhart, I appreciate your generous offer to keep rates low in perpetuity, but I seem to have misplaced my invitation to access the discount window.

Do NOT follow this link or you will be banned from the site!