• Sprott Money
    04/29/2016 - 05:58
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Moody's Puts Too Big To Fail Banks On Outlook Negative Over Laughable Concerns Barney Frank May Just Let Them Fail

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Wed, 07/28/2010 - 07:52 | 491671 ISEEIT
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Wed, 07/28/2010 - 07:53 | 491672 VK
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The pot calling the kettle black...

Wed, 07/28/2010 - 07:54 | 491675 Robslob
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Corruption...nobody does it better and out in the open than here in the U.S.A.

Our forefathers must be rolling over in their graves right now...

Wed, 07/28/2010 - 08:41 | 491703 bigdumbnugly
bigdumbnugly's picture

sentence one:  is unfortunately proving to be correct...

sentence two:  no way, not with barney frank around and aging a little more every day.

Wed, 07/28/2010 - 07:56 | 491676 The Rock
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Instead of "Donk" (Dodd-Frank), ZH should refer to the dynamic duo as "Frodd" (Frank-Dodd).

Wed, 07/28/2010 - 08:02 | 491677 Miss Expectations
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Perhaps Frank DoDo?

Wed, 07/28/2010 - 08:35 | 491699 LoneStarHog
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That is fine as long as the "o" is pronounced "au", giving the pronouncement as FRAUD.

Wed, 07/28/2010 - 09:58 | 491843 The Rock
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That was the intent.

Wed, 07/28/2010 - 08:12 | 491683 israhole
israhole's picture

Moody's, Fitch, S&P, represent themselves as "ratings agencies".  LOL!!


Listen to them, and you deserve to be broke.

Wed, 07/28/2010 - 08:17 | 491685 virgilcaine
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 thats Ol Uncle Warrens oufit.


Wed, 07/28/2010 - 08:43 | 491709 docj
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When's the next plane out of this Bizzaro World?

Wed, 07/28/2010 - 08:55 | 491728 GlassHammer
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We all said this a year ago but....

"If Moody's positive ratings for the banks are based on constant government support than the ratings are garbage and should be treated as such."

This whole ratings system seems very absurd to me.

If someone asks me "Why do large companies pay for Moody's ratings?" My response will likely be "They pay them money to attach a series of letters that trick investors into buying things without looking into what they are buying".


Wed, 07/28/2010 - 09:46 | 491809 magis00
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This support has resulted in debt and deposit ratings that range from three to five notches higher than that indicated by the banks' unsupported, intrinsic financial strength.


True, we all noticed this long ago.  But I'm continuously amazed that more people don't see the bezzle.  It's in print.  On their website.  The AP ran a story.  And the vast majority of our fellow citizens have no idea.  Hmmm....is the U.S. credit rating "three to five notches higher" than it ought to be, too?  Crazy crazy crazy.  Humbled and Grateful, again, for ZH.

Wed, 07/28/2010 - 09:48 | 491818 bugs_
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Deep Shah.

Wed, 07/28/2010 - 10:04 | 491853 The Rock
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Penny-wise (when it comes to his money) but dollar-foolish (when it comes to the taxpayer's money)??  Then again, I'm not surprised.  It's in his nature.

Wed, 07/28/2010 - 20:16 | 493265 TheGoodDoctor
TheGoodDoctor's picture

What don't you call it Fr-odd. Or even Fra-odd. Like as in Fraud. Clearly that is the better pun on their names considering the bill is a Fraud.

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