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Moody's Again Craps All Over Bailout, Says Euro Package "Marginally Increases" Risk Among Governments

Tyler Durden's picture




 

MOODY'S: EURO PACKAGE `MARGINALLY INCREASES' RISK AMONG GOVS.
MOODY'S: SAYS MORE RISK BETTER THAN EURO AREA DE-INTEGRATING
MOODY'S SAYS EURO PACKAGE `ALLEVIATES LIQUIDITY CONCERNS'
MOODY'S: SAYS EURO-AREA `FISCAL RETRENCHMENT' MUST COME FASTER

 

 

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Tue, 05/11/2010 - 11:53 | 343608 Citizen of an I...
Citizen of an IKEA World's picture

I hope Moodys' execs have remote car starters, and stay away from chartered planes and Fort Marcy Park.

Tue, 05/11/2010 - 11:52 | 343609 sheeple
sheeple's picture

shut the f#$% up Moody's, shut the f##$ up

Tue, 05/11/2010 - 11:53 | 343613 Hx3
Hx3's picture

Need...more...Ink...

Tue, 05/11/2010 - 11:54 | 343618 bugs_
bugs_'s picture

Did Goldman tell Moody's or did Moody's tell Goldman?

Tue, 05/11/2010 - 11:54 | 343620 Fortunes Favor
Fortunes Favor's picture

More pressing question: Will GS's inverted credit curve scare agencies into downgrade action? GS's A1/A/A+ rating are not consistant with their current CDS curve and absolute spread level.

Tue, 05/11/2010 - 11:57 | 343627 Cognitive Dissonance
Cognitive Dissonance's picture

Boy, did that Wells Notice act like Rogaine, growing some hair on those balls? Or is this too little too late? Or both?

http://www.rogaine.com/

Tue, 05/11/2010 - 12:19 | 343727 Citizen of an I...
Citizen of an IKEA World's picture

The Wells Notice pushed them off their pedestal and in the impact of the landing, their balls finally dropped.

Tue, 05/11/2010 - 13:09 | 343819 faustian bargain
faustian bargain's picture

lol...yeah, they now have a deadline for all those downgrades they've got in the queue.

Tue, 05/11/2010 - 11:57 | 343631 Mitchman
Mitchman's picture

Is "marginally increases" like being "a little bit" pregnant?

Tue, 05/11/2010 - 12:01 | 343646 Cognitive Dissonance
Cognitive Dissonance's picture

I was the product of mom being a little bit pregnant. Being 3 feet tall is better than being 2 feet tall.

Tue, 05/11/2010 - 12:00 | 343643 Kina
Kina's picture

Moodys could end this long game in a moment by applying their analysis to the US.

Tue, 05/11/2010 - 12:54 | 343772 Missing_Link
Missing_Link's picture

And now we know why the senators voted against the Vitter amendment.

Tue, 05/11/2010 - 12:03 | 343657 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

MOODY'S: SAYS WABBUH WABBUH WABBUH

Tue, 05/11/2010 - 12:09 | 343679 buzzsaw99
buzzsaw99's picture

MOODY'S SAYS LISTEN TO US WE'RE SOUPER CEREAL THIS TIME!

Tue, 05/11/2010 - 12:11 | 343690 williambanzai7
williambanzai7's picture

Warren is in a bad moody today.

Announcing the Euro Con Festival:

http://williambanzai7.blogspot.com/2010/05/euro-con-film-festival.html

Tue, 05/11/2010 - 12:12 | 343697 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Umm, didn't the gubbermint tell them to shut up already? Any bets on the next Moody's exec who'll be found at the bottom of a pool, under a train, suicide (he was having a stressful time at work, the poor dear).

Tue, 05/11/2010 - 12:13 | 343698 whatsinaname
whatsinaname's picture

Moody's is no better than these guys at BP/RIG/HAL. The senatorial inquiry is a "spectacle" of sorts. Sad..

http://money.cnn.com/2010/05/11/news/companies/BP_hearings/index.htm?hpt=T1

Tue, 05/11/2010 - 12:18 | 343725 AN0NYM0US
AN0NYM0US's picture

Scott Brown -  ney on the Vitter amendment

Tue, 05/11/2010 - 12:32 | 343728 10044
10044's picture

No sht moodys, did u figure that out while giving aaa rating to US bonds?? Fcking morons... Gold bitchez

Tue, 05/11/2010 - 12:37 | 343740 Internet Tough Guy
Internet Tough Guy's picture

Nobody listens to techno (moodys) anyway.

Tue, 05/11/2010 - 12:40 | 343760 mephisto
mephisto's picture

MOODY'S: SAYS MORE RISK BETTER

?????????????????????????????????

Tue, 05/11/2010 - 12:58 | 343783 the grateful un...
the grateful unemployed's picture

nice to know Moddy's is working for us, as in US. the EU needs some fiscal austerity, you know, otherwise we ain't bailing you out. one more leg of the Fascist Business model is in place, but where is the alternative economic leadership coming from, those Commies in Europe?

Tue, 05/11/2010 - 13:14 | 343832 Hatshepsut7
Hatshepsut7's picture

Here is a most interesting viewpoint regarding the sovereign debt ratings of the PIIGS versus the ratings assigned to India and China. The writer has a point, one not often mentioned elsewhere (if at all):

http://www.business-standard.com/india/news/t-n-ninanpigs-do-fly/394159/

Tue, 05/11/2010 - 13:23 | 343862 williambanzai7
williambanzai7's picture

The premise that sub-mediocre minds working at Rating Agencies are to be taken seriously for any investment purpose is a premise in dire need of serious reflection.

Tue, 05/11/2010 - 13:35 | 343906 Printfaster
Printfaster's picture

When I saw that first line:

MOODY'S: EURO PACKAGE `MARGINALLY INCREASES' RISK AMONG GOVS.

I thought that it said:

MOODY'S: EURO PACKAGE `MARGINALLY INCREASES' RISK AMONG GOyS.

Oh well.  Funny either way.

 

Tue, 05/11/2010 - 13:40 | 343923 stoverny
stoverny's picture

the entire world is now playing kick the can.  If you have kids, my apologies... we spent all of their output already.  And your kids' kids, as well.

http://www.reuters.com/article/idUSTRE64A48L20100511

Weak euro states doomed to slow growth by bailout

(Reuters) - The euro zone's trillion-dollar financial safety net may stabilize markets but it is likely to doom weak countries on the edge of the zone to several years of agonizingly slow growth.

That is causing economists to worry the zone's approach to its debt crisis risks failing, if it deprives weak countries of the growth they need to work through their debts.

"It is not at all clear where strong growth can come from," said UniCredit bank's chief economist Marco Annunziata, adding that alongside the safety net, Europe needed a convincing strategy to boost the competitiveness of weak economies -- something which it has not yet produced.

Tue, 05/11/2010 - 13:47 | 343946 QEsucks
QEsucks's picture

 MOODY'S SAYS: MORE RISK BETTER...

 Exceedingly cogent analysis. Katla to resolve the mess Q3, frontrun QE3.

Wed, 05/12/2010 - 02:07 | 343972 Martel
Martel's picture

.

Tue, 05/11/2010 - 18:36 | 344691 Buck Johnson
Buck Johnson's picture

There making this stuff up as they go along.

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