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Moody's Retaliates At Hong Kong For Snowden Insubordination

Tyler Durden's picture




 

Uncle Warren appears unhappy with the humiliating can of whoop-ass Hong Kong unleashed on his favorite crony banana republic. So he has retaliated in the only way he knows: Moody's.

  • HONG KONG BANKING SYSTEM OUTLOOK REVISED TO NEGATIVE BY MOODY'S
  • MOODY'S CITES CONCERNS ON PERSISTENT NEG REAL INTEREST RATES
  • MOODY'S CITES POTENTIAL HK 'PROPERTY BUBBLES' - this one is really good.

But the best reason is:

  • MOODY'S CITES HK BANKS' GROWING EXPOSURES TO MAINLAND CHINA

Yup. Moody's just figured out Hong Kong has exposure to... China. Of course, Hong Kong's downgrade of US foreign policy to laughably pathetic, outlook hilarious on Sunday, was a complete coincidence.

 

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Mon, 06/24/2013 - 08:07 | 3686150 F. Bastiat
F. Bastiat's picture

Hussein Obama and Eric Holder have zero credibility.

The world knows it.

Mon, 06/24/2013 - 08:12 | 3686176 GetZeeGold
GetZeeGold's picture

 

 

Weaponized Moody's.

 

Take that bitchez!

Mon, 06/24/2013 - 08:15 | 3686193 disabledvet
disabledvet's picture

so they downgrade the USA and treasuries soar in value...but when they upgrade the USA treasuries get absolutely annihilated. and this is a ratings Agency? hmmm. Krugman's "historic mistake" might end up being prophetic here. (not that that's going to go over well in these here parts either.)

Mon, 06/24/2013 - 08:17 | 3686205 CH1
CH1's picture

Yet more proof of the state and the mega-corps being joined.

And they call that...?

Mon, 06/24/2013 - 08:20 | 3686216 smlbizman
smlbizman's picture

no fear...mark dickface zandi is here......

Mon, 06/24/2013 - 11:02 | 3686969 NotApplicable
NotApplicable's picture

I think the Marx Brothers made a movie about all of this once.

Mon, 06/24/2013 - 08:25 | 3686244 kridkrid
kridkrid's picture

You smell that? Do you smell that? Napalm, son. Nothing else in the world smells like that. I love the smell of napalm in the morning. You know, one time we had a hill bombed, for twelve hours. When it was all over I walked up. We didn't find one of 'em, not one stinkin' dink body. The smell, you know that gasoline smell, the whole hill. Smelled like... victory

Mon, 06/24/2013 - 08:30 | 3686264 Bearwagon
Bearwagon's picture

Someday this war is gonna end!

Mon, 06/24/2013 - 08:30 | 3686272 The man with po...
The man with pointy horns's picture

They call it facism CH1.

Mon, 06/24/2013 - 09:07 | 3686437 They trynna cat...
They trynna catch me ridin dirty's picture

"Fascism /?fæ??z?m/ is a form of radical authoritarian nationalism[1][2] that came to prominence in early 20th century Europe."

http://en.m.wikipedia.org/wiki/Fascism

Fascism = nationalism. What is happening here is internationalism; the use of the United States' state apparatus to set up a one world government. Far closer to communism than to fascism.

Once again, too many ZHers need to turn off Alex Jones and try cracking a book more than 50 years old.

Mon, 06/24/2013 - 09:22 | 3686480 Bearwagon
Bearwagon's picture

One would be well advised to go with the words of Fascism's grandmaster Benito Mussolini, instead of Wikipedia's definition:

"Fascism is the mergence of high finance and state."  B. Mussolini

Mon, 06/24/2013 - 09:27 | 3686501 They trynna cat...
They trynna catch me ridin dirty's picture

Yeah and what was the goal of the mergence? Here it goes, ready? NATIONALISM! The state apparatus was unified to operate to advance the interests of the Italian people. Mussolini was an EXTREME nationalist, and his ideology encompassed that.

Like I said, no matter how many times you post that quote out of context, it doesn't change the fact that fascism = nationalism.

Mon, 06/24/2013 - 09:47 | 3686587 Bearwagon
Bearwagon's picture

I am supposed to care more for the cause, than the effect, and that is far from out of context. If you care more for the effect, that's fine with me.

http://i3.kym-cdn.com/photos/images/original/000/100/473/Bread%20hat%20m...

;-)

Mon, 06/24/2013 - 10:39 | 3686858 Bastiat
Bastiat's picture

Wrong.  Nationalism was the packaging to engage emotional support of the public. The "goal of the mergence" was to use the power of the state to enhance corporate power NOT to "advance the interests of the Italian people." 

Mon, 06/24/2013 - 11:53 | 3687260 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

and what was the goal of the mergence? Here it goes, ready? NATIONALISM!

The goal is complete CONTROL.

Mon, 06/24/2013 - 14:00 | 3687906 Relentless
Relentless's picture

You get it!

 

The goal is ALWAYS control. They can call it whatever they like to try and get you to buy into it, but the end result when you take the wrapper off is a set of chains with your name on them.

 

Mon, 06/24/2013 - 16:49 | 3688604 MarsInScorpio
MarsInScorpio's picture

They:

 

"I am a citizen of the World."

 

The concept here is to get everyone thinking of the world as their nation.  You want to dwell in the obsolete concept of what constitutes a nation; the modern concept is not that of the present nation-states, but rather we are one nation of the world, with the present nation-states as subdivisions to come under the authority of the world-wide governing bodies.

 

Once you understand that the concept of what constitutes the "nation," you then understand why Mussolini's quote is still relevant; what we have is the merging of the world as a nation, with the international corporations of that nation (the world).

 

As yes, it is nationalism, with the world as the nation. Think Earth Day, Global Warming, unrestricted passage across (current) national borders, and so on.

 

That is the 21st Century definition for these people of the world "nation."

 

It's just one Big Blue Marble . . .

-30-

 

Mon, 06/24/2013 - 16:56 | 3688618 Cathartes Aura
Cathartes Aura's picture

it's quite the trick, to get individual humans to identify themselves with a imagined boundary, named as a "state" - with fluid lines drawn and redrawn over time, whenever the financial class find it to their advantage.

it usually starts with a flag & a uni-form, and of course, the man-datory figurehead.

identity, such a co-opted notion, being part of a named group seems to have such appeal.

team sports & cheerleaders all.

Mon, 06/24/2013 - 09:22 | 3686482 YuropeanImbecille
YuropeanImbecille's picture

Don't try to explain to these Alex Jones Communist loving idiots anything, he said it was fascism, then it must be right?

 

Why would that lying sack of shit lie? Maybe to serve his puppetmasters? nah, could not be.. let us trust him and never read any books and gather our information from psyops sites instead!

Mon, 06/24/2013 - 09:24 | 3686488 They trynna cat...
They trynna catch me ridin dirty's picture

Yeah go ahead and downvote geniuses. The whole point of fascism was nationalism, i.e., the exact OPPOSITE of what TPTB are aiming for (one world goverenment).

Maybe if you post that "fascism is corporatism" Mussolini quote out of context a few hundred more times it will change reality.

The only antidote for internationalism is nationalism.

Mon, 06/24/2013 - 12:03 | 3687304 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Is it so difficult for you to imagine that what you are arguing (in a completely polarized manner) might simply amount to a DIFFERENCE IN SCALE?

Mon, 06/24/2013 - 12:24 | 3687383 InTheLandOfTheBlind
InTheLandOfTheBlind's picture

tone may account for more of those down votes... unfortunately it is about how you say what you say just as much as it about what you say....

Mon, 06/24/2013 - 09:28 | 3686503 ATM
ATM's picture

Close but it ain't going to be "communism" if we are using text book definitions. I'd call it tyrannical authortarianism or more accurately, neo-peonism. We're all being set up to be debt slaves to our authoritarian masters - for our own good of course.

Mon, 06/24/2013 - 09:44 | 3686572 They trynna cat...
They trynna catch me ridin dirty's picture

I can agree with that. However, what you describe is always what communism becomes in practice anyway.

Mon, 06/24/2013 - 11:31 | 3687124 SilverRhino
SilverRhino's picture

Neo-feudalism is the word you are looking for.   The population of the world is more than enough since the Black Plague so that they can reinstitute their favorite government system of serfs, knights and layers of management.

 

Mon, 06/24/2013 - 12:25 | 3687388 InTheLandOfTheBlind
InTheLandOfTheBlind's picture

tribalism

Mon, 06/24/2013 - 09:29 | 3686515 kridkrid
kridkrid's picture

It's fine to go dictionary definition... but when you do so, you can't then call what we are moving towards a form of communism. I would say the same to you about opening a book and reading some Marx. But I agree with you that our govt, while co-opted by corporations, supports a global banking oligarchy vs. a national one. The nationalism and racism that you are looking for is simmering, just under the covers, waiting for the next leg down. You'll see it soo enough, I think. Time will tell.

Mon, 06/24/2013 - 09:47 | 3686586 They trynna cat...
They trynna catch me ridin dirty's picture

The nationalism and racism does exist, but it is that of a trans-national race and nation that seeks to establish a one world government over all tangible nations. That's the difference.

Mon, 06/24/2013 - 09:58 | 3686636 i-dog
i-dog's picture

+5 (one for each of your attempts to get through to the numbskulls in this thread who are each missing your main point). Tough audience!

Mon, 06/24/2013 - 10:32 | 3686818 kridkrid
kridkrid's picture

Meh... or could be that he is the numbskull who didn't realize that his views are not much differnet from the people commenting in the thread but instead decided to change the point to semantics. All of these labels are relatively pointless, really. Like all systems, this system is going to collapse... but unlike the past when there were competing systems that could help to absorb the fallout, the globe will fall together.

Mon, 06/24/2013 - 12:06 | 3687313 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

but instead decided to change the point to semantics. 

Someone needed to say that -- thanks.

Mon, 06/24/2013 - 10:03 | 3686654 Bearwagon
Bearwagon's picture

Now I understand you much better. (Could be because I'm not a native speaker...). And I can agree.

Mon, 06/24/2013 - 08:21 | 3686226 kridkrid
kridkrid's picture

If only Joh McCain or Mitt Romney would have won, this whole thing would be completely different. Those guys definately would have valued our civil liberties over some BS survellience grid... they would have shut that sucker down... no big center in Utah... rollback of the Patriot Act... nothing for Edward Snowdin to expose... no trip to HK... no reason for the downgrade and this whole thing never happens. All we need to do is elect some small government, civil liberty minded republicans.... like McCain or Romney.

Mon, 06/24/2013 - 08:29 | 3686246 the not so migh...
the not so mighty maximiza's picture

bullshit they all have the same owners,  Rommny keeping delagtes on the bus at the convention is a small government, civil liberty minded republicans?????  get the fuck outta here

Mon, 06/24/2013 - 08:30 | 3686263 Harry Dong
Harry Dong's picture

Ahhh, I prettie sure that's sarc. - and damn good one too

 

Mon, 06/24/2013 - 08:45 | 3686349 kridkrid
kridkrid's picture

That's about as transparently sarcastic as I can be. Not good enough, I guess.

Mon, 06/24/2013 - 08:53 | 3686378 TheFourthStooge-ing
TheFourthStooge-ing's picture

It's good enough for those who recognize sarcasm, and hilarious for those who don't.

Mon, 06/24/2013 - 08:32 | 3686280 MFLTucson
MFLTucson's picture

They did not win, your communist sympathizer did so why even brig such a lame issue up?  Put the blame where it belongs, squarely on the shoulders Holder and Obama. Good try though.

Mon, 06/24/2013 - 08:44 | 3686320 kridkrid
kridkrid's picture

Communist sympathizer? Who knows what lies somewhere in his heart... assuming there is a heart somewhere inside that made for TV persona. But it matters not what lies in his heart... he's just another in a long line of banking oligarch, MIC, fascist puppets. He's no different than W, Clinton, GHWB, RR, Carter, Nixon or LBJ. All fascists, regardless of the silly little letter near their name at election time.

Mon, 06/24/2013 - 09:11 | 3686447 They trynna cat...
They trynna catch me ridin dirty's picture

Contrary to what ZH believes (as told by Alex Jones), they are not fascists, but internationalists. You can't have fascism without its nationalist/racialist core.

Try reading something by Mussolini--ya know, one of the guys who actually created the ideology. And I don't mean the same old quote that Alex Jones pulls out of context.

Mon, 06/24/2013 - 12:10 | 3687330 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You can't have fascism without its nationalist/racialist core.

FALSE. FAIL.

Mon, 06/24/2013 - 14:51 | 3688154 kridkrid
kridkrid's picture

Can't vote up your posts when they start with italics... but +1

Mon, 06/24/2013 - 08:45 | 3686342 gatorengineer
gatorengineer's picture

The only difference is that if it were a Repub there would be protests on EVERY college campus, and it would be front page news EVERY DAY.......

Mon, 06/24/2013 - 08:55 | 3686391 kridkrid
kridkrid's picture

Why do you think they wrapped this fascist up with leftist rhetoric and a peace prize bow? I think the next fascist we "elect" will have less to hide... we'll be asking for him by then... by design.

Mon, 06/24/2013 - 11:09 | 3686997 Treason Season
Treason Season's picture

Precisely. In one stroke they took out the two biggest  traditional threats, the blacks and uni students.

Mon, 06/24/2013 - 13:56 | 3687882 DoChenRollingBearing
DoChenRollingBearing's picture

Hmm.  Interesting reply, + 1

Mon, 06/24/2013 - 13:55 | 3687873 Things that go bump
Things that go bump's picture

I'm thinking a military man next time - we'll fall into the arms of any strong man they dish up.

Mon, 06/24/2013 - 08:52 | 3686372 pods
pods's picture

Liking the sarcasm bright and early on a Monday Krid! +1

pods

Mon, 06/24/2013 - 10:53 | 3686910 screw face
screw face's picture

FUCK MOODY'S.......someone had to say it.

 

 

 

 

Mon, 06/24/2013 - 08:17 | 3686157 Haus-Targaryen
Haus-Targaryen's picture

Independence.  Clearly they are an independent organization.  Waiting for Fitch to downgrade Germany to 1923 due to its French exposure. 

Mon, 06/24/2013 - 08:09 | 3686158 blindman
blindman's picture

'You F--ked Up, You Trusted Us': Talking Ratings Agencies With Chris Hayes
By Matt Taibbi
POSTED: June 21, 11:25 AM ET

Read more: http://www.rollingstone.com/politics/blogs/taibblog/you-f-ked-up-you-tru...
Follow us: @rollingstone on Twitter | RollingStone on Facebook
.
"...That was among the responses of a spokesperson for the ratings agency Standard & Poor's when I contacted him a few weeks ago in advance of a new Rolling Stone feature, "The Last Mystery of the Financial Crisis," which describes the role the ratings agencies played in causing the 2008 crash. The company was genuinely miffed that anyone would impugn its honesty. In one relatively brief e-mail, the spokesperson used variables of terms like "independent," "integrity" and "transparent," upwards of nine times.

Hold that thought.

"The Last Mystery of the Financial Crisis" makes great use of documents uncovered in years of painstaking research by attorneys at Robbins Geller Rudman & Dowd, a San Diego-based firm that was at the forefront of major lawsuits against the industry. The material those lawyers found leaves virtually no doubt that the great ratings agencies like Moody's and S&P essentially put their analysis up for sale in the years leading up to the crash.

I picked some of the more damaging of these documents to ask about. Like for instance, an email from a company executive reading, "Lord help our fucking scam. . . . This has to be the stupidest place I have worked at." " m.t.

Read ....

Mon, 06/24/2013 - 11:24 | 3687084 Svendblaaskaeg
Svendblaaskaeg's picture

"'You F--ked Up, You Trusted Us': Talking Ratings Agencies With Chris Hayes

Read...." 

Link was F--ked up too, this one should work:

http://www.rollingstone.com/politics/blogs/taibblog/you-f-ked-up-you-tru...

short version:

http://tinyurl.com/kzpc3nr

Mon, 06/24/2013 - 08:08 | 3686160 swissaustrian
swissaustrian's picture

Desperation. 

Mon, 06/24/2013 - 08:09 | 3686161 10mm
10mm's picture

Hmmm,piss off the lender keeping you afloat. This should be intresting.

Mon, 06/24/2013 - 08:13 | 3686185 GVB
GVB's picture

Dude, indeed.

Mon, 06/24/2013 - 08:21 | 3686223 Mae Kadoodie
Mae Kadoodie's picture

Give me moar head Becky, Quick.

Mon, 06/24/2013 - 09:27 | 3686502 Zero Debt
Zero Debt's picture

Not to mention that HK has a lot of US treasuries. Guess Moody is hinting that it may be time to dump those now and buy some gold.

Mon, 06/24/2013 - 08:12 | 3686162 Iocosus
Iocosus's picture

Moody's: showcasing the USG's thoughts and mood.

Current mood: spiteful

Last mood: very concerned Syrian War will not start on time.

 

Mon, 06/24/2013 - 08:21 | 3686224 sumo
sumo's picture

I LOL'ed at your last line. Nice one.

Mon, 06/24/2013 - 08:09 | 3686163 the not so migh...
the not so mighty maximiza's picture

it is so obvious even a caveman can see it Warren

Mon, 06/24/2013 - 08:09 | 3686164 JustObserving
JustObserving's picture

Tomorrow S&P will downgrade Russia

Mon, 06/24/2013 - 09:31 | 3686520 ATM
ATM's picture

and then Ecuador and Iceland.

Mon, 06/24/2013 - 10:56 | 3686933 screw face
screw face's picture

FUCK S&P......someone had to say it.

Mon, 06/24/2013 - 08:09 | 3686166 RacerX
Mon, 06/24/2013 - 08:56 | 3686384 CaptainSpaulding
CaptainSpaulding's picture

Hmmm, Big competition from Hulce

http://www.youtube.com/watch?v=YkaDRvFYoZA

 

Mon, 06/24/2013 - 09:32 | 3686525 Seize Mars
Seize Mars's picture

RacerX My god that's killing me. It's like a mixture of glee and derision. I keep playing it over and over. Thanks. You (and Americas fascist usurpers) have made my day.

Mon, 06/24/2013 - 08:10 | 3686168 Kina
Kina's picture

The Obama crowd are so fucking stupid. They think this helps their cause? Lashing out like a spoiled 5 year old child, throwing a tantrum.

 

This just makes the US look like dumb mafia thugs and warns the world to not trust them or share anything with them. Their mentality is so 18th century.

Mon, 06/24/2013 - 08:12 | 3686173 the not so migh...
the not so mighty maximiza's picture

When Obama enters a room now other leaders giggle

Mon, 06/24/2013 - 08:14 | 3686192 GetZeeGold
GetZeeGold's picture

 

 

Just ticked off cause they don't have a Nobel Peace Prize.

Mon, 06/24/2013 - 08:16 | 3686198 blindman
blindman's picture

22 June 2013
Obama Discussed During Leader's Questions in Dublin - Never Cross An Irish Woman
" As a general rule of thumb, never cross an Irish woman.

And if her eyes narrow and start flashing, head for the pub." jca
.
http://jessescrossroadscafe.blogspot.com/2013/06/obama-discussed-during-...

Mon, 06/24/2013 - 08:58 | 3686409 Ctrl_P
Ctrl_P's picture

Unless you cross a Clare Daly with a Nigel Farage...

 

Now that might be interesting!

Mon, 06/24/2013 - 09:29 | 3686506 Zero Debt
Zero Debt's picture

The "reset button" of International Relations apparently is not working...

Mon, 06/24/2013 - 08:12 | 3686174 Bearwagon
Bearwagon's picture

Personally, I'd trust 'Dagong Global Credit Rating' much, much further than Moody's. If I'd like to get an american rating on anything, I'd go with Egan Jones. Sheesh! Who trusts Moody's doesn't deserve any better ...

Mon, 06/24/2013 - 08:57 | 3686400 TheFourthStooge-ing
TheFourthStooge-ing's picture

The advantage enjoyed by Moody's is that, given their reputation, nothing they do can make it any worse.

Mon, 06/24/2013 - 08:12 | 3686179 Quinvarius
Quinvarius's picture

America is self defeating.  It is like our leaders work at McDonalds and slap every customer that buys a burger.  Then when you stop buying burgers, they run an ad in the paper that says you suck.

Mon, 06/24/2013 - 11:02 | 3686974 screw face
screw face's picture

+1 Bullish.......

 

....bet you got some 'ZH Pad Spew' on that one.

Mon, 06/24/2013 - 08:14 | 3686187 Aquarius
Aquarius's picture

The world understandably laughs at the US incompetent "leadership" as they fume, bluster and threaten.

The World is sick of US "Leadership" and their endless wars, bullying, torture and murder.

Just remain calm and watch as this bunch of US "leadership" freaks eats its own. Enjoy the show.

It is called "extremis" the last  hyatus of phenomenal death through cancer.

All Americans must rise to purge their great Nation of this disease and restore their Constitution, as it was written and intended; Freedom and Liberty for all.

Ho hum

Mon, 06/24/2013 - 08:14 | 3686188 Kina
Kina's picture

And for what??  This is all because some petulent little baby in the US didn't get to punish somebody who embarassed them.

 

Holy shit...most of the banking and politician elite in the US are corrupt to the core...but will they do anything about that. Nope, they will squeal like baby pigs chasing after some nobody who blew them a rasperry. 

Mon, 06/24/2013 - 08:16 | 3686197 Son of Loki
Son of Loki's picture

 

 

Didn't Moody's give those worthless subprime mortgage bonds AAA+ rating?

 

Oh yeah, didn't they rate near worthless Lehman MiniBonds as AAA+ also?

 

"laughably pathetic" is correct!

Mon, 06/24/2013 - 08:17 | 3686202 Kina
Kina's picture

USA starting to look like Mr Creosote from monty python. Greedy, obese, unhealthy, slow and an embarassment continually vomiting all over themselves and everything.

Mon, 06/24/2013 - 08:17 | 3686204 Ribeye
Ribeye's picture

The last line on that story is fckn hilarious,

I actually did laugh out loud:)

Mon, 06/24/2013 - 08:18 | 3686206 f16hoser
f16hoser's picture

Moody's is only an "OPINION" based organization. Nobody gives a fuck what they say. They gave AIG AAA rating 1/2 hour before it collapsed. Moody's is a paid shill for the NWO Banksters.

Mon, 06/24/2013 - 08:24 | 3686240 King_of_simpletons
King_of_simpletons's picture

Ratings agencies are an after-thought.

Mon, 06/24/2013 - 08:18 | 3686207 Peter Pan
Peter Pan's picture

There is no downgrade by Moodys or any other rating agency that Zero Hedge readers have not already made in their own mind about a lot of countries including the USA.

 

 

Mon, 06/24/2013 - 08:18 | 3686210 sumo
sumo's picture

Wow, economic warfare.

Careful, Wall St. That's a nice little Comex you got there ... be a shame if anyone with deep pockets took delivery ...

Mon, 06/24/2013 - 08:20 | 3686214 Never One Roach
Never One Roach's picture
US factory boss held hostage by workers in Beijing(AP)

 

BEIJING (AP) — An American executive said Monday he has been held hostage for four days at his medical supply plant in Beijing by scores of workers demanding severance packages like those given to 30 co-workers in a phased-out department.

 

http://news.yahoo.com/us-factory-boss-held-hostage-workers-beijing-07485...

Mon, 06/24/2013 - 08:20 | 3686215 Eisenhorn
Eisenhorn's picture

Guys, guys.....this is not a big deal.  You need to be paying attention to the TRUE THREATS to the Republic.  EXPLODING CELL PHONE BATTERIES!  

NSA Scandal.  DOJ Scandal(s).  IRS Scandal.  Syrian War.  Immigration Scam.  No need to worry.  Chuck Schumer is on the REAL issue!

http://www.breitbart.com/Breitbart-TV/2013/06/23/Schumer-Regulations-Needed-to-Stop-Cell-Phone-Explosions

 

Mon, 06/24/2013 - 08:41 | 3686326 GetZeeGold
GetZeeGold's picture

 

 

Chuck Schumer can take on a whole army.....oh wait....that's Chuck Norris.

Mon, 06/24/2013 - 08:21 | 3686218 azengrcat
azengrcat's picture

This downgrade is brought to you by a few rogue agents in Omaha.

Mon, 06/24/2013 - 08:21 | 3686221 blindman
blindman's picture

http://www.maxkeiser.com/2013/06/kr461-keiser-report-global-financial-ho...

[KR461] Keiser Report: Global Financial Holocaust
Posted on June 22, 2013 by Stacy Herbert

Read more at http://www.maxkeiser.com/2013/06/kr461-keiser-report-global-financial-ho... SY7azJk.99
.
fake assets = fraud
fake assets with ratings of AAA = still fraud

Mon, 06/24/2013 - 08:24 | 3686237 falak pema
falak pema's picture

read this : http://www.rollingstone.com/politics/news/the-last-mystery-of-the-financ...

Moody as part of the last great mystery of the financial crisis.

Lol, these guys should ALL be behind bars; regulators my ass! 

Mon, 06/24/2013 - 18:02 | 3688819 blindman
blindman's picture

@link
..."But we know now that it was no accident. What happened to the ratings agencies during the financial crisis, and what is likely still happening within their walls, is a phenomenon as old as business itself. Given a choice between money and integrity, they took the money. Which wouldn't be quite so bad if they weren't in the integrity business." m.t.

Mon, 06/24/2013 - 08:23 | 3686235 muleskinner
muleskinner's picture

Snowden must have some hefty information that can harm the US irreparably and make laughing stock of the entire US gov. Makes everybody a little jittery.

Russia probably paid for that information, hence the flight to Moscow.

Good stuff that you can't possibly make up.

Now he's off to Ecuador to hide in plain sight. Probably will be standing next to Waldo.

If the CIA had just implanted an electronic digital device into his brain, they could have stopped him.

Snake oil shtik is about to end.

And all of you Muslims and Jews out there: eat bacon.

Mon, 06/24/2013 - 08:26 | 3686251 falak pema
falak pema's picture

umm, bacon and eggs with strawberries and cream to finish it off.

Its Wimbledon time now! 

Mon, 06/24/2013 - 08:44 | 3686336 laser513
laser513's picture

Hey man,

I am Muslim and with you. 

Still won't eat bacon though.

Mon, 06/24/2013 - 09:06 | 3686429 muleskinner
muleskinner's picture

I was a complete vegetarian until one night I was dreaming I was eating a roast beef sandwich, after that, if I could dream it, I can do it, so I ate a roast beef sandwich.  It was just hunger for food, which is a remarkable medicine and so is hunger.

I was totally opposed to eating any meat products.  All it takes is a dream.

Barbecue chicken, barbecue ribs, all of it.  Beef is too much all of the time.  Bacon is the perfect pork product.  I don't like to eat roast pork.  Eat ham. 

All 13 minerals to sustain life are in beer.  Drink beer.

Mon, 06/24/2013 - 09:33 | 3686528 Zero Debt
Zero Debt's picture

You obviously have not experienced floating river pig in acid sauce.

Mon, 06/24/2013 - 12:32 | 3687418 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

HOMER: Geez, Lisa you're really gonna be a vegetarian?  You're not going to eat meat from any animal?  You're not going to eat bacon or ham or sausage?

LISA: DAD! Those are all from the same animal!

HOMER (sarcastically): Yeah -- like some magical wonderful animal.

Mon, 06/24/2013 - 10:10 | 3686695 Divine Wind
Divine Wind's picture

 

 

Perhaps a copy of Barry Sotoro's British passport that allowed him to study in Indonesia?

Or copies of his Standard Form (SF) 86 that he had to fill out as a U.S. Senator in order to gain access to classified / secret / top secret information? 

 

Run Showden, Run.

Mon, 06/24/2013 - 08:49 | 3686241 JustObserving
JustObserving's picture

USA hitting out at Hong Kong will do wonders for sales of US products in Hong Kong and China.  With the news that the US was hacking hundreds of millions of SMS messages in China, and China calling the USA "biggest villain", who will buy Apple products in China and Hong Kong?  Does the iPhone have backdoors to enable spying or a kill switch? The safe alternative is Samsung.  This developing Snowden drama is a disaster for US telecommunication and internet companies and negative for US companies in general.  

 

China 'gravely concerned' on cybersnooping by US, called world's 'biggest villain'

http://www.scmp.com/news/china/article/1267204/us-cyber-snooping-makes-it-worlds-biggest-villain-our-age-says-xinhua

Mon, 06/24/2013 - 10:45 | 3686883 earnyermoney
earnyermoney's picture

Samsung? Are you serious? Samsungs running Google's Android operating system? LOL

Mon, 06/24/2013 - 08:25 | 3686247 buzzsaw99
buzzsaw99's picture

moody's, mouthpiece of the maggots

Mon, 06/24/2013 - 08:29 | 3686261 smacker
smacker's picture

"Hong Kong's downgrade of US foreign policy to laughably pathetic, outlook hilarious on Sunday, was a complete coincidence."

Fantastic :-)

I wonder if the Obwama realises he's turning the office of POTUS into a laughing stock. Does he care?

Mon, 06/24/2013 - 14:42 | 3688111 NOTfromSanFrancisco
NOTfromSanFrancisco's picture

"I wonder if the Obwama realises he's turning the office of POTUS into a laughing stock? Does he care?"

Everyhting O has done has been planned by his string pullers... The dependence on government aid, the attempt to disarm, the weakening of our constitutional rights, the increased gathering of private info, the increased surveillance, the injecting of fear, the resocialization of school children, the redefining of moral rights and wrongs... and so on and so on...

There are some good people in the U. S and a few good elected officials who are doing what they can to stem this overwhelming tide of debauchery and treason, but we are trying to keep the proverbial snowball from rolling down the hill and crushing us.

Some think it is time for us to just move aside and let the giant snowball of treachery come crashing down on the sheeple. I have a have a hard time doing this. I hate giving up. I hate giving in. I hate quitting. I love the people in my life. I want them to be informed, but sometimes I feel like Jeremiah in the Bible, the weeping prophet, trying to warn my friends and family of what IS happening now and what IS surely going to come upon us.

"Don't you have anything positive to say?"...

Sure I do. I am positive we are heading into some perilous times of which we are now only experiencing the tip of the ice berg.

Mon, 06/24/2013 - 08:52 | 3686273 williambanzai7
williambanzai7's picture

I'm very sorry to say that our government is what is called a paper tiger and everyone knows it.

I also said that the real pressure would be commercial in nature, although it did not occur to me that they would stoop this low.

Of course, the OBOZO Clown Posse is cutting its nose to spite it's face.

Mon, 06/24/2013 - 08:33 | 3686293 MilwaukeeMark
MilwaukeeMark's picture

The wreckless behavior of this country's leadership and the willingness of their corporate lackeys to assist is beyond astounding.

They remind me of a hopeless drunk, who knows he's killing himself, knows he's alienating everyone close to him, knows he's obnoxious, knows he smells bad ....  but just doesn't give a shit as long as he can stay drunk.

Mon, 06/24/2013 - 14:22 | 3688025 NOTfromSanFrancisco
NOTfromSanFrancisco's picture

Thank you...

+100

Mon, 06/24/2013 - 08:39 | 3686317 Apostate2
Apostate2's picture

Now I know the US has jumped the so-called shark. Mr Snowdon must have a bagfull of intended consequences. Now Moodys is exposed as a politicised fraud (not just a conspiracy theory). I thought humour was for Fridays. I can't take anymore humour. Must be serious.

LOL.

Mon, 06/24/2013 - 08:42 | 3686332 Kiwi Pete
Kiwi Pete's picture

Moody's just lost whatever shred of credibility they had left. What client will pay for the opinion of this petulant baby? Talk about shooting yourself in the foot Warren!

Mon, 06/24/2013 - 08:44 | 3686341 insanelysane
insanelysane's picture

Read or re-read the book 1984 and keep in mind the all of the economic "facts" that we are given each week by the MSM.

BLS for instance:  For the last 100+ weeks, we have pretty much the same headline, "Jobless claims fall again to all time low of 350k."

Of course we still have the slight truth underneath letting us know that the previous week's numbers were revised higher so the gov doesn't have us there yet but we are on our way.

Mon, 06/24/2013 - 08:44 | 3686343 blindman
blindman's picture

Beth Hart LIVE_ Baddest Blues
http://www.youtube.com/watch?v=8te5XmHbDJA
.
koko taylor I'd rather go blind
.
http://www.youtube.com/watch?v=Hpvm4GbnFZQ

Mon, 06/24/2013 - 08:53 | 3686373 FunkyOldGeezer
FunkyOldGeezer's picture

US financial war and at least one of its multitude of conduits finally exposed.

Mon, 06/24/2013 - 08:56 | 3686395 Fubared
Fubared's picture

...and to put some small flaky grain of salt into the humiliating scar on the chin after the jab:

http://www.scmp.com/news/china/article/1267875/china-outsmarted-us-snowd...

The leaders in Beijing must be figthing the twitches in their lips calling for a smile today.

//R

 

Mon, 06/24/2013 - 08:59 | 3686412 Z_End
Z_End's picture

Now the question is, what will HK (China) do in reaction? What are we planning for Russia?

Do I sense a united front by the BRICS in their world debut as a competing power block on the world stage coming?

Global Economic Warfare. "Would you like to play a game?"

Mon, 06/24/2013 - 09:02 | 3686424 ziggy59
ziggy59's picture

RAMD...Rating Agencies of Mass Destruction

Mon, 06/24/2013 - 09:06 | 3686432 jjsilver
jjsilver's picture

That  moody's announcement has the same credibility as if it came from justin bieber having a temper tantrum. Same goes for S&P

Mon, 06/24/2013 - 09:12 | 3686439 rwe2late
rwe2late's picture

The 'Empire'  ... Moodys strikes back.

(next step?: declare Ecuador a state sponsor of "terrorism")

Mon, 06/24/2013 - 09:46 | 3686582 Hulk
Hulk's picture

Snowden was the Black Swan !!!

Mon, 06/24/2013 - 10:47 | 3686893 Baldrick
Baldrick's picture

dark sigint

Mon, 06/24/2013 - 14:18 | 3688009 NOTfromSanFrancisco
NOTfromSanFrancisco's picture

 

 

"Snowden was the Black Swan !!!"

He was A black swan in a flock of black swans... My bet is that the sheeple are color blind for the most part and unless someone or some group with the tenacity of a pitbull keeps this thing alive, this administration will push Snowden into the same warehouse along with every other scandle they are dealing with and the sheeple will be none the better or worse off by it...

Now then... Where's my free cell phone and monthly Snap card?...

Mon, 06/24/2013 - 10:59 | 3686950 syntaxterror
syntaxterror's picture

Moodys. Buffett doesn't even use that garbage.

Mon, 06/24/2013 - 13:12 | 3687604 combatsnoopy
combatsnoopy's picture

I don't believe that Snowden even exists.  Hong Kong Dollars are backed by the Federal Reserve.
Japan has been buying Japanese government bonds instead of US Treasuries and other government debt to further drop the value of the Yen.
So of course, there was the lashing of Abe, as if the US and CHina were never guilty of currency manipulation.   

When there's no VALUE leverage into the US TReasuries, there's less for Bernanke to buy with since, uh.... the Yields/INterest on US government bonds (after printing dollars) is how they get the money to buy more US TReasuries and government bonds to begin with.
So there goes the bubble!

And when the Federal Reserve can't lend as much, oh- the cascade begins.  Not just here, but in ASia.  I strongly believe that's what happened to Asia's markets last night.  

Goldman SAch's PMI that borrows in Hong Kong at the U.S. Federal Reserve rate for FREE to engage in interest rates with Malaysia at 6% (carry trade!); the money that Foxconn uses to hedge it's value as the remnimbi and yuan drops, the money used for HONG KONG REAL ESTATE SPECULATION---

and KABOOM! 

Humpty Dumpty sat on a wall. 

Humpty Dumpty had a great fall.

WEll, Once they realized that anyone born after Gen X was not able to cover the debt incurred by our legislators and their lobbyists since not trade or investments are creating value in the US- the only value we really have left is that cash flow from foreign lenders.

Yeah, it's time for MSM to bring up the affirmative action/LBGT red herrings again.  Woohoo!  

Mon, 06/24/2013 - 16:35 | 3688558 RaceToTheBottom
RaceToTheBottom's picture

I thought Uncle Warren had been pickled and stuffed.  Then they poured Cherrie coke all over him to lock in the color

Tue, 06/25/2013 - 19:46 | 3692816 Teabunny
Teabunny's picture

lovely debate y'all are having on global communism vs globo-nationalist facism (yes, I think I can say that has been invented now) but may we discuss the 3 rd choice available here... libertarianism , where the power is returned to we the people? 

and whether moodys did this because of facist ties, or coerrsion by prism like info bombs being used to manipulate them... the answer is to de centralize power, and diffuse it back to the common man, for at least a generation, til the power brokers have passed. 

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