Moody's Expects Multi-Notch Downgrade Of Ireland, As Green Party Abdication Sends Irish CDS Wider On Day

Tyler Durden's picture

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Quinvarius's picture

Noise for exiting a trade.

macholatte's picture

 

New Zealand's double-A credit rating has been put on notice for a possible downgrade.

http://www.radionz.co.nz/news/business/62362/credit-downgrade-warning-for-new-zealand

John McCloy's picture

I'm with you...this bailout either never happens or is reversed. I have the pleasure of working with two Irish citizens who travel home frequently and let me tell you these folks are very astute and aware politcally.
They do not take their recent freedom for granted and I did not even have to explain to this woman the detriments of IMF and ECB involvement.
She and her entire family are aware that this is an atte
pt to socialize the losses of bankers here and other EU members. Luckily the Irish are not as distracted by the smoke and mirrors of reality tv and propaganda mainstream news to the extent we are here in the U.S. These announcements in my opinion are to calm markets te
porarily and gauge public reaction which will be fiercly opposed. Small population and minimal places to hide.

Drachma's picture

Everybody knows the solution to the sovereign debt crisis is...Foundation X. Zero vig and unlimited credit. I think Lord Bloackheath summed it up best:

http://www.youtube.com/watch?v=QaA-5_IjkeE&feature=related

Drachma's picture

Everybody knows the solution to the sovereign debt crisis is...Foundation X. Zero vig and unlimited credit. I think Lord Bloackheath summed it up best:

http://www.youtube.com/watch?v=QaA-5_IjkeE&feature=related

sandorgb's picture

if you cram enough debt down people's throats, eventually they will regurgitate.

Ras Bongo's picture

Gap and crap. LOL

M.B. Drapier's picture

Today's lurid rumour:

Fine Gael finance spokesman Michael Noonan said there may be conflict between European officials and the International Monetary Fund the restructuring of Ireland's banks.

Mr Noonan said the IMF may favour more burden sharing with bank bond holders than European officials as a condition of aiding Ireland.

jeff montanye's picture

bank bondholders, stockholders and management should be bearing the burden.  when oh when will this be?

Oh regional Indian's picture

People are actually still paying any attention at all to these ratings agencies. Even after the whole MBS/CDS scam having shown their role for what it is?

Crazy. Short attention span we have.

ORI

http://aadivaahan.wordpress.com

SheepDog-One's picture

Elections? I'd say what the need in Ireland is riots and the IRA.

spongeBOB's picture

here you go....

"According to RTE, Sinn Fein protestors try to enter Irish government buildings  "