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S&P And Moody's Join The "Ahead Of The Curve" Dubai Chorus

Tyler Durden's picture
Submitted by Tyler Durden on 11/26/2009 12:16 -0500



S&P and Moody's earning their P/E multiple, ahead of the curve as always.

S&P report:

 

Moody's report:

 

AttachmentSize
Moody's Dubai.pdf52.73 KB
S&P Dubai.pdf358.07 KB
0
Your rating: None

»


by AN0NYM0US
on Thu, 11/26/2009 - 12:24
#143198

Rosenberg from earlier this morning (same old stuff)

http://watch.bnn.ca/#clip239568

by Anonymous
on Thu, 11/26/2009 - 13:12
#143233

when is moodys downgrading every corporate debt/ bank debt/bonds in the GREAT USA -- easy to downgrade the other guys paper?? but nor your own??

by ChickenTeriyakiBoy
on Thu, 11/26/2009 - 12:26
#143200

(un)intended consequences of xenophobic congressional capital-flow protectionists?? we get former p&o ports owned by aig instead of dp world. pick your poison

by jongreen
on Thu, 11/26/2009 - 12:32
#143204

Glad the rating guys were on top of this one. Even working on a US holiday!

by Anonymous
on Thu, 11/26/2009 - 13:38
#143255

Ash had the right quote for the ratings guys.

"Well hello Mister Fancypants. Well, I've got news for you pal, you ain't leadin' but two things, right now: Jack and shit... and Jack left town."

by D.O.D.
on Thu, 11/26/2009 - 12:35
#143208

How long is the charade going to be allowed to continue? 

by Hephasteus
on Thu, 11/26/2009 - 14:17
#143294

Well when you're dealing with Die Hards. The 3rd sequel? Then it's over.

LOL there's a Die Hard 4 in the works.

by Stevm30
on Thu, 11/26/2009 - 12:39
#143210

Overheard at Moody's and S&P:

Quit!  No one quits on me!  You're fired!

by Racer
on Thu, 11/26/2009 - 12:49
#143218

"The dollar’s slump prompted Finance Minister Hirohisa Fujii to say Japan’s government is watching currencies “very closely,” while traders said the Swiss central bank sold the franc after it climbed to the highest value against the euro since June. "

There's watching and doing.......

and that's all they have been doing... watching....

like the Strong Dollar Policy... all hot air and false empty words

by jongreen
on Thu, 11/26/2009 - 12:58
#143227

Fucked fucked fucked. Sorry for the language. I'm on tear this morning against the boomer generation and their overconsumption, overgeneration of debt, controlling governments, writing self-beneficial subsidies and requirements for payouts into law (think health care).

Without such false, subsidized consumption signals being put into the marketplace, I doubt we would see so many economic entities oversubscribed and underperforming.

by ChickenTeriyakiBoy
on Thu, 11/26/2009 - 14:08
#143286

haha, step away from the bloody mary mix, my friend. 

 

that being said, i agree wholeheartedly

by Missing_Link
on Thu, 11/26/2009 - 21:54
#143576

Amen!

by JohnKing
on Thu, 11/26/2009 - 13:42
#143257

When do these dirt balls, including Warren Buffet catch some heat for this criminal fraud?

by delacroix
on Fri, 11/27/2009 - 03:37
#143724

sure as shit berkshire hathaway is gonna get hammered, just give it some time, there is no escape to safety

by Anonymous
on Thu, 11/26/2009 - 14:46
#143334

mu-ha-ha-ha, let all those artificial island go back under the ocean

by Stevm30
on Thu, 11/26/2009 - 15:31
#143373

Wasted resources

by Anonymous
on Thu, 11/26/2009 - 19:34
#143521

How many more times money managers have to be fooled by those agencies before they wake up?. They should have been out of business long time ago,but obviously somebody is still paying for their "research".By the way,do they have a research on gold?or are they waithing for it to hit $10000 an ounce,before discovering that"gold is AAA rated debt instrument"?.

by Printfaster
on Thu, 11/26/2009 - 20:00
#143525

Seriously, what is the point of Moody's and S&P.  You can look at the CDS prices to get the credit rating.  These people are worse than clowns.  At least the clowns wear funny clothes.

These guys were funny at the close.

by Joe Sixpack
on Thu, 11/26/2009 - 21:47
#143573

I propose the rating agencies be allowed to go back to 2007/2008 standards, in which case Dubai is AAA+ . Problem solved.

by wolphkaat
on Fri, 11/27/2009 - 02:04
#143691

jeebus man! Someone tell these clowns that timing is everything. While they are stating  the obvious maybe moody's should tell us the phillies chances of winning the 2009 world series.

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