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Bank Downgrade Forward Calendar
A major potential negative catalyst for financials globally is rapidly approaching as 114 banks are on review-for-downgrade by Moody's across 16 countries. Why do we care so much about ratings given their historical credibility? Ask James 'Jimmy-boy' Gorman of Morgan Stanley who is currently begging cap-in-hand to Moodys not to downgrade his empire bank, since he knows (and so it seems does the CDS market) that, as the FT notes, a downgrade could also force the bank to provide additional collateral to back its vast derivatives business - where it acts as one of the largest counterparties. In Europe, the fun heats up in the next few weeks as first Italian banks (4/16), then Spanish banks (4/23) and then Austrian (4/30) face from 1 to 4 notch downgrades and the potential to lose their short-term (funding-/CP-related) Prime-1 top rating, implicitly raising funding costs (and liquidity concerns) even further.
and potentially even more serious, banks that face loss of P-1 short-term rating...
Source: (ironically) Morgan Stanley
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Global governance wouldn't be bad. So long as we are the ones governing.
Define 'we'.
I'm not partial to having someone named Suckerfishzilla running things, for example.
What it's platform? No one ever heard of Milton V. Glorfab either.
Salt water mostly. goes well with pineapple.
HARP2 encourages borrowers with low credit scores, no assets, and underwater mortgages to refinance at record low rates. Only in fantancy land we call America.
Except that when 'Bank-added requirements" are calculated in, NO ONE IS REALLY GETTING REFINACNED by these amazing propoganda programs!
Bernanke, put on your Superman costume and save your fellow CRIMINAL bankers.
All you pieces of shit belong in prison.
Gold traded at $1,631.90 by 11:07 a.m. today, for an annual gain of 4.2 percent. That compares with a 6.6 percent jump in the Standard & Poor’s GSCI gauge of 24 raw materials and a 9.7 percent increase in the MSCI All-Country World Index of equities. Treasuries lost 1.4 percent.
Not to worry. The Bearded Crusader is ready to leap into action and save the world (again) at a moments notice, or even less because of his super-printing-powers.
The mother of AIGs...Morganzilla,
Mr. Banzai,
It is good to be 'out' and able to continue the inanity where we left off!!!!!!
The Dude...
short the banks who fund Rio Tinto and Anglo American!
Black Power takes Mines from Whitey!
Kill, Kill, Kill the White Man! Or just take his Billions invested! And his Gold from him! That’s worse than death for Wall Street! Time to get some Private contractors to go clean up this mess.. Before it goes public and the Whole World is Watching! LOL!!
http://www.google.com/hostednews/ap/article/ALeqM5gO0cTpcrtDfrXsoc2GgVsrudLZ8A?docId=5ad63201d5f34d99b8925cd9012b0c47
Minister Saviour Kasukuwere said in a statement that all companies that did not meet a late 2011 deadline to submit proposals to cede a controlling stake to blacks have forfeited 51 percent of their shareholdings and are now "deemed to be owned by the state."
Zimbabwe has large Australian, Canadian and South African mining interests — including giants Rio Tinto, Canadile and Anglo American — and with scores of small white-owned gold mines.
http://www.mashpedia.com/Anglo_American_PLC <--- try this MashPedia out..
http://www.mashpedia.com/Rio_Tinto_Group <--- try this MashPedia out.. this could go places depending on the depth built in to the information communicated!
And!! Let us Not! forget Anglo America Mining and Rio Tinto have other issues in South America!
And!! Let us NOT! forget Anglo American Mining and Rio Tinto have other issues in Alaska / Canada!!
https://secure.nrdconline.org/site/Advocacy?cmd=display&page=UserAction&id=2741&autologin=true&JServSessionIdr004=tnbxdvcjg4.app306a
http://www.youtube.com/watch?feature=player_embedded&v=HLTAq8NnkJc
are you short mining stocks?
No! but companies like SANDLINE may get the private security contracts that you were talking about. Gotta have physical security.
http://www.mhhe.com/education/resources/others/homeland-security-training.html <--- Student Loans! to become a Nazi!
but seriously.. By Barret Jackson! http://www.facebook.com/#!/photo.php?fbid=397697173582661&set=a.362851963733849.90285.100000271450471&type=1&theater
Barret Jackson Starts today.. http://www.barrett-jackson.com/palmbeach/
What an amazing qualification to acquire...sounds ideal if you want to work for "the other side"...
Master in Terrorism and SecurityI think that I remember some smart guy saying that one banks assets were another banks liabiliities. There probably should be a whole buncha more banks on the list - just saying.
That's how it all ends- margin calls....
What kind of collateral do they usually use for derivatives?
Our UST's.
Shit, were going to need total foam encasement inside the thick golden covered outer shell, crash helmets aint gonna work this time.
Here is what I just told my nearest and dearest:
http://strayingfromtheflock.org/2012/04/05/an-open-letter-to-my-friends/
Please take a moment and read my ranting.
I got so many mercury dimes it's not even funny.
You know a couple of those mercury dimes will buy you a gallon of gas just like they would have in the 60s....just saying..
I believe that if things get that bad they will not only take your printed currency but anything else of value, including gold, silver, land and even your life......
That may very well be the case, but they will get a fight from me.
+ 1 Very nice rant
I ranted earlier to those of my nearest and dearest, but few listenend and the end has not yet happened. So, I have given up trying to convince others I personally know to prepare. They either do not know or do not care or just don't want to think about a catastrophe.
Coming to a checkpoint near you..Homeland secrity is buying bullet resitance booths in addition to their 450 million rounds of ammo:
http://www.prisonplanet.com/after-huge-ammo-buy-dhs-purchases-bullet-resistant-booths.html
"The purpose behind the bullet proof booths is unknown, but the DHS has publicly announced that it plans to increase the number of unannounced checkpoints manned by TSA VIPR teams and other federal agents beyond the 9300 that were set up last year alone."
I go thru these (choose your vulgar word) check points at least twice a month, and now they are going to be increasing them??????? and dragging along little booths!!!!!
I am having a hard time understanding this.... I believe I am suffering from "normalcy bias". <sarc>
Source: (ironically) Morgan Stanley
Did I miss it? I didn't see them on the list of down grades.
Hey, it's not like it's gonna be Moody's who'll call down the banks first...
I dont really see how bank or any other downgrades are relevant. Unless the play is to buy things that get downgraded because downgrades seem to be totaly meaningless and a go-ahead to double in valuation.
Mothaphuckr Bernanke took $1.5 TRILLION(1/2) of CRE loans off MOTHAPHUCKA BANKSTERS BALANCE SHEETS and CRE fell 40%, it's all marked 100% and the MOTHAPHUCKAS got 2 years extension but now this TOXIC WASTE IS COMING DUE 2012-13, WHERE IS THE WASTEDUMP?
Here is the physical address:
The Department of the Treasury
Office of the Treasurer
1500 Pennsylvania Avenue, NW
Room 2134
Washington, DC 20220
Fax: (202) 622-6464
see note1
1. weTheP
They should start downgrading the miners
They're already all rated 'Strong Sell' (gold miners). Rationale being that they're currently doubling profits and sitting on large amount of cash, and, as this is too crazy to believe, the only logical conclusion is that it's an anomaly that can't last, so the best thing to do is 'sell now while the gettin's good', before they go to zero (along with gold, apparently). Seriously, I was reading an article that was quoting analyst ratings for producing gold companies, and this was pretty much their 'logic'.
This just in. Apparently, according to Harvard Business Review, atleast 10% of the people on Wall Street are psychopaths.
http://blogs.hbr.org/cs/2012/03/psychopaths_on_wall_street.html?cm_mmc=email-_-newsletter-_-finance-_-finance040512&referral=00209&utm_source=newsletter_finance&utm_medium=email&utm_campaign=finance040512
Except that no one from an ivy league school is allowed to be included in the list. So after adding the ivy covered wallets;
"90% of the people on Wall Street are psychopaths."
Unless its an Upgrade forward calendar
Downgrades, shmowngrades.
Facebook has chosen the NASCRACK as its exchange when it goes public in May.
So, I am sorry folks, all news points to "Bullish" for this pointless Tsar.
moodys a political football and big bank lap dog
still need their marching orders ,,
where are the US cranks I mean banks?
Boy it sure is quiet around the market world today.
Tommy Corman?
Is that Kapa'a, or Kapa'a'a !?
Nobody got that?
*sigh*
Don't see anything on that list that rates better than a D- .
Global cyclical expansion continues, 2 to 4 yrs until the next down turn. NOMINAL GDP TARGETING kicks ass!!
Only Banco Popular expected to hold onto its current rating. Anyone else think that is bizarre?