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Interesting & Informative Documentary on the Power of Rating Agencies, Along With Reggie Middleton Excerpts

Continuing my rant on the effectiveness (not) of the ratings agencies, I bring to you an interesting documentary on the rating agencies' effect on the sovereign debt crisis in Europe, produced by VPRO Tegenlicht out of Amsterdam. You can see the full video here, but only about half of it is in English. I appear in the following spots: 4:00, 22:30, 40:00...
Reggie Middleton Discussing the Rating Agencies effect on Sovereign Europe
As a recap of my more recent rants on this topic, see the headlines and excerpt summaries below. As you read through this, notice how French-controlled Fitch seems to have a problem downgrading France, who definitively has some serious issues...
Where Are The Ratings Agencies For UK & German Banks BEFORE They Go Boom? How About Those Euro REITs? Agencies Anybody?
Last week I illustrated the interconnected EU master duo with the most ironic of divergent agendas: When The Duopolistic Owners Of The EU Printing Presses Disagree On The Color Of The Ink! Basically, Germany and France are pulling in two different directions trying to get off of a boat that will drown them both, regardless. Then I posed the taboo question: Are The Ultra Conservative Dutch Immune To Pan-European Pandemic Contagion? Are You Safe During An Earthquake Because You Keep Your Shoes Tied Snugly?
The Dutch are probably in for a banging that the vast majority of the populace are not expecting. The presentation below is a subset of the keynote speech that I gave at the ING CRE Valuation Conference in Amsterdam last April. Some may say it was quite prescient. I'd say it was a matter of paying attention.
Before you peruse through the Power Points and related videos, glance over Interbank_Contagion_in_the_Dutch_Banking - 2006 (pdf) and then reviewCross_Border_Bank_Contagion_in_Europe_- 2006 (pdf). It is apparent that I wasn't the only one who used calculators and common sense before it was too late. To wit:
Question the Quality Of BoomBustBlog Bank Research, Will You? Bove and Fitch Follow "The Blog"!
Remember, I warned of a European bank runs early on and even warned the public (after my subscribers had an opportunity to take positions) of the impending fall of BNP Paribas. See "BoomBust BNP Paribas?" (it is strongly recommended that you review this article if you haven't read it already) I started releasing snippets and tidbits of the proprietary research that led to the BNP short, namely "Bank Run Liquidity Candidate Forensic Opinion" - A full forensic note for professional and institutional subscribers.
I then went on to thoroughly analyze the risks and potential downfalls of Goldman, Morgan Stanley and Bank of America - all while the sell side had strong buys on both these banks and the industry. Well, it appears as Fitch has either caught an attitude, caught religion or both. As reported through the MSM,Fitch Downgrades Several Big US and European Banks
So, Now The Rating Agencies Want To Acknowledge The Existence Of The FrankenFinance Monster???
In the headlines today: S&P Places EFSF's Long-Term AAA Ratings on Creditwatch Negative, May Lower Ratings by One or Two Notches

Is this truly a surprise? Does anyone truly believe this heavily financially engineered FrankenFinance monster actually deserves a AAA rating? Yes, I do mean Frankenstein assets. I implore you to delve in further - "Welcome to the World of Dr. FrankenFinance!" and Financial Innovation vs Financial Fraud.
As a matter of fact, it actually appears that those few members of S&P that do read my blog have actually found some influence in the company. If you remember, last week I challenged the rating agencies with this taunting post -Where Are The Ratings Agencies Before UK & German Banks Go Boom? How About Those Euro REITs? Agencies Anybody? Now, it's not as if the agencies have went so far as to actually take heed to my warning, but those who follow me know that I have been leading my subscribers through an explicit path of "contagion to come" for two years now. Who is the major conduit of said contagion? Well, the very same nation who is the 50% of the bilateral lynchpin of the EFSF.
Two Years Ago I Said Greece Was A Guaranteed Default, Today's 1 Yr Yield is 426.118%???
I invite any and all to look at my predictive track record and compare it to ANY of the big three rating agencies. See Who is Reggie Middleton?
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It's sad to see so many people here on ZH acting like children on a playground with this "AAPL" thing.
Let it go, move on and make use of the information that is being provided.
Reggie took shots at all the people who told him his analysis was flawed on aapl at $275 per share and GOOG at $600 per share. He continues to come on and pat himself on the back with his "I told you so" posts and his "I was the only one who predicted it" posts but he is not man enough to admit how he blew it when everyone told him just how wrong he was. Be a man Reggie.
Reggie has slinked off ...can't stand the heat
he'll be back as soon as Gooselivers share performance beats Apples over a 5 day period (never mind the other 360 days where Reggies wheezing donkey gets slaughtered)... that was the last time Reggie wheeled out a share chart... very desperate and very typical of the mans careful selectivity and cherry-picking of all data, strategy, product reviews etc etc to peddle the Goofball 'success' (also-ran) story
never mind that Goo's 'strategy' is cheaper-than-chips free with a brand that has as much consumer value-added as yesterdays newspapers (and fast becoming as toxic as Microshites)
to say Reggie is balls-out bloody biased is to make a plain-as-day well supported argument of all available data
Oh look, Reggie found Goonball-Samsung beating Apple in Samsungs home market of South Korea ...fancy hooking that exception'to-the-rule out eh Reg? ..keep grasping those straws mate
Reggie, I thought I asked you not to come back on this blog until you man up and give us a Mea Culpa on your AAPL/GOOG call.
Reggie's been knocked out of the ballpark on Apples staggering performance compared Goonballs also-ran averages (bit embarrasssing Reggie, that and the share price?)
he's reverted (perverted) to type dribbling on and on (and on) about 'yeah but, but, but tomorrow ...just wait for tomorrow... er, or the next year"
Reggie has Goo-Fever despite being ripped to bits all year on share price, torn to shreds on financial performance. Reg is hoping (praying?) that "not that bad" will drive Gooseballs share performance to the stars and "quite good" product positioning will push Apple out of their iSpace
And when the financial performance doesn't fit Reggies delusional dream or the share price doesn't match Reggies euphoric targets or consumers don't see the devine light Reggie sees in every also-rans products but Apples Reggie spits his dummy out and claims shareholders are idiots, consumers are un-educated and Apples cash mountain is really a mole hill if you stare hard enough
Reggie is clearly writing these ever more delusional and desperate pieces on a Goofball inter-Galactic space trip somewhere in a Wacko Jacko oxygen tent with a ganja feed to the air supply
Way to milk it for all its worth, Reggie.
The amount of really good and informative documentaries on important subjects that are never aired in American TV land could just about fill the Grand Canyon.
It seems that keeping real information from the American people has become a matter of national importance.
It's shameful.
it's one of the last forms of journalism out there
Looking forward to your latest on AAPL.
Word. And here is the answer: Reg will dislocate his shoulder patting himself on the back when AAPL misses the outlandish expectations in some quarter in 2014, leading to a brief $5 decline in share price. Of course, by that time the stock price will be in the 600's.
Reggie has just asked a question on B3: which CEO had the greatest effect on the world, Jobs or Gates?
His answer was Gates!!!
Now i'm convinced Reggie is from the Dark Star (and has lost his marbles). Our Reggie has now become the greatest cheerleader of monopolists Microshite and Goofball in the iSpace. Presumably looking for some scraps off the top table, a regular spot on CNBC and an annual ego blow-out on the guffing back-slapping Jon Stewart Show
Gates has peddled the worst computer product in global history. It's amazing how this garbage wasn't shut down decades ago!
A product so crap people and businesses suffered at least a few times every day with seizures, bugs, viruses and frozen slow-mo software or the blue screen of death and having to pay yet more for garbage like McFee (which didn't help any) to patch the massive short comings from Microshites laughably/tragically inept amateurish software
when the elitest oaf Gates guffed arrogantly if only cars improved at the pace of Microshite even the normally clueless GM had no problem slicing Gates to shreds reminding their cars didn't crash for no good reason 3 times a day and require rebooting (amongst a long list of decades long genetic Microshite diseases)
It is a measure of the political, manufacturer and retail corruption across the globe Microshite was allowed to continue to peddle their 4th rate trash so long
Reggie's a lost cause ..his judgement is about as sound as a virus-bugged Windows laptop or PC (no wonder so many consumer and business users are migrating to Apple iMacs, laptops, iPhones and iPads)
think Reggie posted his latest on Apple yesterday on B3 but no sight here on ZH
i'm waiting for it, got stacks of ammo for Reggie to chew-on but have a feeling he's flunked the ZH challenge
Reggie has gone (deterioted) from 'logic' and 'fact' based analysis to "anecdotal points" and "obsevations" having had his financial analysis whacked out the ballpark by Apple
Reggies 'logic' is falling apart so he's now grasping at anecdotal straws (as he drowns) bless him
So much for 'logic' eh Reggie? ...i told you logic was worthless
Apple has Goofball in a mincer, it'll take a few years but they'll crush the me-too, copy-cat, also-ran Goonball, as they've done to anyone in the iSpace
Reggie is firing even lighter weight blanks by the month (if that's possible)
Why can't clueless people recognize for the umpteenth time that his paid info on when to do XYZ action is different than his free analysis.