This page has been archived and commenting is disabled.
USSAAA - S&P Reconsiders Downgrade After White House Challenge
McGraw-Hill: meet Chicago-style negotiations. And there, in one sentence, is all that is broken with this country. The reason for the beyond ridiculous horse trade, according to CNN: S&P analysis of U.S. revenue, deficit picture was questioned. Presumably S&P ignored to add the $10 quintillion dollars that were saved by America not declaring war on Tatooine and its most infamous Hutt resident: Larry Summers. Indeed, again according to CNN, S&P acknowledged some errors in its analysis. Isn't it amazing what being threatened with having your NRSRO license can do for motivation to double check your work, eh you pathetic sellouts? Who would have thought that last week's farce debt ceiling would continue and develop into a national pastime. Below, for the sake of S&P's non-existent conscience and incompetence, are their own guidelines for what constitutes an AAA-rated credit. Readers can decide if the US is one. In other news, in USSAAA, government downgrade rating agency.
And from CNN:
The Standard & Poor's rating agency served the Obama administration with notice Friday afternoon that it planned to downgrade the U.S. government's AAA credit rating, an administration official told CNN.
But S&P has yet to make its ruling public, and the source told CNN the agency is reconsidering after the administration challenged S&P's analysis of the government's finances.
The source, a senior official involved in the discussions, said the agency was off by "trillions" in its economic model and was now working to revise its analysis.
S&P did not return repeated calls for comment.
The official described the talks as a "moving target" and said "it's clear some people there still want to go forward" and downgrade U.S. debt.
Rumors swirled for most of the day Friday that S&P was preparing to make its move. But even several hours after the market close, official notice had yet to materialize
Rating agencies - S&P, Moody's and Fitch - analyze risk and give debt a "grade" that reflects the borrower's ability to pay the underlying loans.
The safest bets are stamped AAA. That's where U.S. debt has stood for years. Moody's first assigned the United States a AAA rating in 1917.
»
- 14154 reads
- Printer-friendly version
- Send to friend
- advertisements -
I agree, but it is not he own thought. Unless he is secretly a Tyler in sheeps clothing?
Ever think of teaching sociology.......
Robo was once part of a Sociology experiment, "The 100th Monkey". Sadly though, he was booted from the test for not being able to keep up with his peers. You see, he never washed the sweet potato, he instead wiped his ass with it before eating it. It was at this time that the scientist performing the experiment decided that the only place he could survive was investment banking. He was then shipped to the states and the rest is, as they say, history.
As the man falling out of the forty story window said, "so far, so good!". You're a real fucking genius, you know that? Short the Long Bond when the globex opens tomorrow pm; that's an order !
How can you miss place Trillions??? What a crock of sh*t.
"S&P acknowledged some errors in its analysis." WTF...must have a Zoombie brain dead asshole to miss 10quintillion dollars. S&P needs to bury his ass before he stinks up the place. Monday in will walk Benny and the Timmy with Q3 to stop the flow of Blood.
Not before jackson hole. All this has been timed to perfection. Ben will not speak a day before it is required.
Blood letting it is till S&P 500 Index bounces off the 1040 support. It will be a repeat of Aug 2010.
Man, it's like you read the script or something! (There is a script, right?)
It makes it easier to dump the dollar for a global currency if the dollar is unreliable. It is very bad for the old order of things, but the US military will continue to be the US military until is it turned over to the global banking powers (oh, wait, they already tell the sock-puppet president which countries to invade ... the ones that do not have a BIS tied central bank.).
"How can you miss place Trillions?"
Ask the Pentagon. They are, in fact, quite expert at that.
Finally downgraded... NOW OFFICIAL... US DOWNGRADED TO AA+
Darn it, now precisely WHO is jeetner going to get to co-sign the next loan(s)??
Hope y'all are short the market - Monday ought to be quite interesting. Yes, they downgraded.
http://blogs.wsj.com/marketbeat/2011/08/05/sp-downgrades-u-s-debt-rating...
BAAM!
It was not dealing with the debt after all.
"The source, a senior [WH] official involved in the discussions, said the agency was off by "trillions" in its economic model and was now working to revise its analysis."
Well, that move took BALLS; ineffective, however ...
(Belief here the WH tried a 'bluff' and FAILED)
The white house sure is full of shit. You want to know something funny?
Well about a month ago they told the white house, that they needed to cut 4 trillion to save the credit rating.
Then....guess what happened?
Anyone remember Obama coming out and start talking about 4 trillion...4 trillion...4 trillion....hell it reminded me of Better off Dead....4 weeks....20 papers....TWO DOLLARS plus tip.
TWO DOLLARS
TWO DOLLARS
TWO DOLLARS
Well Obama was proclaiming
4 trillion
4 trillion
4 trillion (which of course shows you the rating agencies and their TBTF's whose cocks they suck...truly run america)
They said 4 trillion...and obama said, 4 trillion.
Well did we needlessly cut 4 trillion of spending to fund the fraudulent debt? Nope. Did we Glass-Steagall the fraud? Nope.
So what did we get?
DOWNGRADE
...and the administration is fighting this?
They KNEW what would happen. That's why Obama proclaimed the 11th commandement...thou shall cut 4 trillion to pay off fraudulent debt.
They KNEW. They tried to BEND OVER. They just forgot to lube, and thus the whole exercise proved futile for them to cut as the ratings agencies (that should be out of business) told them to.
But it was no shock.
Only Glass-Steagall will set us free of this madness. Not doing what the idiot agencies say. Not for printing. Not for cutting. Not for taxing. Elimination of the fraud is the only way out.
S&P offices to be raided by US govt.
LOL. Good one.
The S&P are illegals though so they are safe.
i keep waiting for the grownups to show up and set things right.
Would it not be interesting if that is the response we are all being conditioned to for? The question is: "Who is that masked savior?"
There is so much fear and so little trust in the world "Thank you, Barry or whatever your real name is", that whomever the savior is, they will have a very tough time convincing people they are real ... and maybe that is the point as well.
I don't adjust ratings much , but when I do I BANG DAGONG.
Chinese corner the market on honest ratings. Stay ahead of the game , ignore the USSA elite cocksuckers.
So, do i sell the gold?
Buy gold at the close Monday?
[FLASH] ...S&P DOWNGRADED TO RATING PORN -- (ON NEGATIVE WATCH). MAY BE REFERRED TO 9TH GRADE REMEDIAL MATH CLASS PENDING REVIEW OF LICENCE.
( --Moodys)
Waiting for the politically motivated tit-for-tat. Under normal circumstances, the S&P downgrade would require the justice department to open up the sealed book of threats and suddenly find a reason to prosecute S&P for its participation in the MBS securities failure conspiracy... and subsequent rape.
Odd that one of the boys is not playing ball, UNLESS IT IS ALL PLANNED AND REHEARSED THEATHER. By observing the response, we should probably be able to see if the downgrade is all part of the plan or a breaking of ranks. Theatrical blah, blah rhetoric and it is just part of the plan. Actual retribution and it is a breaking of ranks.
It's just all according to plan.
There - I think I have most of the steps in place. Lots of background steps already in place - outsourcing of America's manufacturing ability - destroying job creation, ongoing mind rape and indoctrination of children through K-12, then on into college. Introduction of socialized medicine, establishment of a Ministry of Propaganda via absolute control of the media, much, much more....
"1984" has already come and gone without notice...
This made my morning:
Presumably S&P ignored to add the $10 quintillion dollars that were saved by America not declaring war on Tatooine and its most infamous Hutt resident: Larry Summers.
I'm guessing Barry has the Top Notch Seal Team on the Ready ...McGraw Hill CEO should be a cinch compared to OBL.
"No one saw this coming,"...they testified.
This is from The Onion...right? This shit can't be real....can it?
Oh my word. Even after being raked over the coals for its CDO/CMO "work" that tripped the GDP in Debt/GDP, these guys still have an end-to-end "diligence" process that transmits a $2 trillion anomaly in their most important deliverable (to date)?
Apparently even an arsonist can say "Be careful: a fire is burning on that estate. It started in the new-construction area, is spreading to the infirmary, and the property managers aren't doing enough about it."
Perhaps the brazen, systemic incompetence of Capitol Hill to address key issues has met its match?
No dun intended.
Home Appliances
Photo Frame
Wholesale Halloween Gift
Wholesale Swimming Products
Wholesale Clap Hands
Flash Gift
Sport Items
Lady Beauty Care
Wholesale Ashtray
Wholesale Socks
Wholesale Golf Products
Name Card Holder
Sport Support Products
Wholesale Helmet
Wholesale Speakers
Stuffed Animals
Heating Products
Digital Photo Frame
Digital Photo Frame
Tangle Puzzle
Beauty Equipment
Wholesale Vuvuzela
Wholesale Mug
Wine Set
Wholesale Clothing
Electroluminescent
Advertising Material
Promotional Items
Safety Products
Wholesale Apron
Wholesale T-Shirts
Wholesale Carabiner
Wholesale Calendar
Wholesale Stapler
Wholesale Calculator
Medicine Instrument
Lunch Box
China Wholesaler
Water Bottle
Flash Gift
Writing Instrument
Arts Crafts
Automotive Products
China Suppliers
Wholesale Cap