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S&P and Moody's earning their P/E multiple, ahead of the curve as always.
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Rosenberg from earlier this morning (same old stuff)
http://watch.bnn.ca/#clip239568
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??
(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
Glad the rating guys were on top of this one. Even working on a US holiday!
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."
How long is the charade going to be allowed to continue?
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.
Overheard at Moody's and S&P:
Quit! No one quits on me! You're fired!
"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
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.
haha, step away from the bloody mary mix, my friend.
that being said, i agree wholeheartedly
Amen!
When do these dirt balls, including Warren Buffet catch some heat for this criminal fraud?
sure as shit berkshire hathaway is gonna get hammered, just give it some time, there is no escape to safety
mu-ha-ha-ha, let all those artificial island go back under the ocean
Wasted resources
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"?.
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.
I propose the rating agencies be allowed to go back to 2007/2008 standards, in which case Dubai is AAA+ . Problem solved.
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.