Et Tu, Standard & Poor's?

Pivotfarm's picture

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fadgadget's picture

i'm very confused about something, someone please help a brother out.  why can't S&P or others set up shop in the bahamas or BFE and still report on european debt ratings?  who gives a shit if the EU regulates their european operations?

anonnn's picture

That's the joke [on us] , or, "The more things change, the more they stay the same.".

Bicycle Repairman's picture

"Thursday's mistaken downgrade by Standard & Poor's of France's sovereign debt"

Mistaken?  Premature, maybe.

kaiserhoff's picture

American Sunday Translation:

We can't run, and we can't pass.  On defence, we can't stop the run or the pass.

Has to be the zebras' fault.

El Gordo's picture

What's the S&P rating for PM's?

Georgesblog's picture

When I see statements from ratings agencies, my first thought is "They sent in the clowns". In reality, it's more serious than that. I see that central banks and ratings agencies work in tandem to bring nations to their knees, as beggars. The national response is the threat of increased regulation. The product is more of the same corruption that created the situation, to begin with.

Zer0henge's picture

"Tech Stocks Foxy Moneybags!  Tech Stocks!" Bitchez!