Fitch Revises US Outlook To Negative

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Mon, 11/28/2011 - 17:19 | 1922784 Fips_OnTheSpot
Fips_OnTheSpot's picture

new CEO at Fitch any time soon

Mon, 11/28/2011 - 17:20 | 1922793 nope-1004
nope-1004's picture

Jon Corzine.  Perfect fit.  Corrupt AND a bankster.  Imagine that?

 

Mon, 11/28/2011 - 17:34 | 1922876 Saro
Saro's picture

"Corrupt AND a bankster."

But you repeat yourself.

Mon, 11/28/2011 - 17:43 | 1922877 iDealMeat
iDealMeat's picture

Tangled web:  Fitch is partially owned by the Hearst Corporation.  A media company.

Richard P. Malloch
President
Hearst Business Media

Prior to joining Hearst, Malloch served as a principal in the New York office of Morgan Stanley & Co., where he was involved in corporate finance and merger and acquisitions. Malloch has devoted most of his professional life to working with companies in the communications and technology industries. He was actively involved in expanding the Morgan Stanley media franchise to include: cable television, cellular telephone, entertainment and information technologies. Malloch also helped to develop the media practice in Europe and Asia.

Malloch began his career as a member of the policy staff to the assistant secretary of the U.S. Department of Energy in Washington, D.C.

 

And..

Fitch Ratings is headquartered in New York and London and is part of the Fitch Group. In addition to Fitch Ratings, the Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics, and related services.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit fitchratings.com or fimalac.com.

Tue, 11/29/2011 - 08:26 | 1924710 Archduke
Archduke's picture

A new CEO won't happen.  essentially FIMALAC, a.k.a. Financière Marc Ladreit de Lacharrière, is owned by the

legendary ENArque to the tune of 80%, and it owns 60% of Fitch.  ie Fitch is not public: it is a private company.

Hearst only owns a minority 40% stake, and essentially provides the raw data needed for rarings intelligence.

 

Mon, 11/28/2011 - 17:34 | 1922881 Chief KnocAHoma
Chief KnocAHoma's picture

First we carpet bomb 'em.

How dare they say the emperor has on no clothes!

Mon, 11/28/2011 - 18:52 | 1923219 CitizenPete
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MF Global Mastermind Corzine, Designed Obama's Economic Policy - Peter Schiff Reports


http://www.youtube.com/watch?v=R8AuNU2ujL0

 

Mon, 11/28/2011 - 20:12 | 1923449 baby_BLYTHE
baby_BLYTHE's picture

google Jacon Schiff. Along with the Rockefeller, Warburg, Rothschild, Morgan, etc. the Schiff banking family has been source for global military conflict, funding of global political revolution, installment of puppet governments and all out looting of nation states. I appreciate Peter's support of Ron Paul but I would be careful of his advice as much seems self-serving and expediaint.

Mon, 11/28/2011 - 17:33 | 1922867 HedgeAccordingly
HedgeAccordingly's picture

AHH .. this must be why the SPOOZ rallied 10 handles into the close.. DOH - 

look at this - http://hedge.ly/sWL2Ed

Mon, 11/28/2011 - 17:40 | 1922911 GeneMarchbanks
GeneMarchbanks's picture

Usually you post bitches in tight clothes & such. This was worse than getting Rickrolled...

I prefer not to look at such things for they are all too clear.

Shame on you.

Mon, 11/28/2011 - 18:01 | 1923017 HedgeAccordingly
HedgeAccordingly's picture

lol.. sorry buddy.. here is a chick from today http://hedge.ly/gFWVSm . ferrari and hizzy's 

Mon, 11/28/2011 - 18:45 | 1923187 iDealMeat
iDealMeat's picture

I saw a little better video of Paris then your pic post.

Mon, 11/28/2011 - 17:37 | 1922896 johnu78
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How about Andy Fastow, I hear he's trying to make a comeback!

 

-John
150,000 Persian Missiles Will Be Thrown Against Israel
http://johnu78.blogspot.com/2011/11/150000-persian-missiles-will-be-thrown.html

Mon, 11/28/2011 - 17:19 | 1922786 SHEEPFUKKER
SHEEPFUKKER's picture

You better eat your peas or you do not get any dessert.  Ouch, that hurts. 

Mon, 11/28/2011 - 17:44 | 1922944 Long-John-Silver
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Peas are the main course and dessert as well when you can't afford anything else.

Mon, 11/28/2011 - 17:19 | 1922789 a growing concern
a growing concern's picture

Enough foreplay already.

Mon, 11/28/2011 - 17:20 | 1922792 Odin
Odin's picture

Bullish

Mon, 11/28/2011 - 17:20 | 1922798 Temporalist
Temporalist's picture

Yes they gave it negative but the spin is USAAA!

Mon, 11/28/2011 - 17:21 | 1922801 Ignorance is bliss
Ignorance is bliss's picture

The French know bankrupt when they see it.

Mon, 11/28/2011 - 17:34 | 1922880 johngaltfla
johngaltfla's picture

Yup, revenge of the French. Too bad we've not leanred to appreciate Brie.

 

http://youtu.be/QMtslxZUr6M

Mon, 11/28/2011 - 17:21 | 1922804 azzhatter
azzhatter's picture

It must be because Reggie Love is leaving 

Mon, 11/28/2011 - 17:36 | 1922893 mynhair
mynhair's picture

Who the fuk is Reggie Love, and why do you know it?

And no, I ain't googling this shit, cuz I really don't care.

Mon, 11/28/2011 - 17:21 | 1922806 mktsrmanipulated
mktsrmanipulated's picture

why did bloomberg report it to neutral????

 

Mon, 11/28/2011 - 17:22 | 1922810 Caviar Emptor
Caviar Emptor's picture

Not to worry: We will be bailing Europe, atacking Iran and keeping drones aloft over every country on a 24/7 basis. 

And at the end of Year #4 the score is : Bansters 100, Citizens 0

Mon, 11/28/2011 - 17:32 | 1922861 Ragnar24
Ragnar24's picture

Country or County? I'm guessing we'll have the National Guard in front of every home... you know, "for our own good":

http://www.prisonplanet.com/yes-americans-will-be-targeted-as-terrorists...

Mon, 11/28/2011 - 17:37 | 1922902 Caviar Emptor
Caviar Emptor's picture

Right. It will become necessary to imprison US citizens without trial or charge. For more information, please proceed to the Ministry of Secret Police. The address is secret

Mon, 11/28/2011 - 17:46 | 1922961 sabra1
sabra1's picture

so people, when they come for your gold, what do you do?

Mon, 11/28/2011 - 18:08 | 1923038 max2205
max2205's picture

I am reading where Homeland security is trying to train dogs to sniff out gold.

Mon, 11/28/2011 - 17:25 | 1922811 GeneMarchbanks
GeneMarchbanks's picture

Whoa nelly!

Todays ramp was tomorrows dump? You don't say.

Cue Robot Re Gorilla Paper demand etc etc...

It's like a really bad action movie out there...

Mon, 11/28/2011 - 17:22 | 1922813 dereksatkinson
dereksatkinson's picture

maybe the dollar will be down on this lol

Mon, 11/28/2011 - 17:22 | 1922814 rosex229
rosex229's picture

Now Moody's just has to respond with a downgrade, and we'll get incredible market volatility... oh wait...

Mon, 11/28/2011 - 17:23 | 1922818 dukeland
dukeland's picture

It is just trying to get into line with S&P and Moody's...let go to sleep (or smoke more hopium)

Mon, 11/28/2011 - 17:24 | 1922823 carguym14
carguym14's picture

Wonder what Tim Geithner thinks the odds are?

Mon, 11/28/2011 - 17:27 | 1922831 SheepDog-One
SheepDog-One's picture

Oh....so if we go MORE into debt, then Fitch will see US debt as 'more favorable'...oh I see. Must be time to eat more peas again.

Mon, 11/28/2011 - 17:27 | 1922838 Mark123
Mark123's picture

Did you also hear that Fitch has downgraded Zimbabwe to BBa- with a positive outlook. 

Mon, 11/28/2011 - 17:31 | 1922857 Odin
Odin's picture

In other news from Zimbabwe: They rapin' everybody up in here

 

http://www.bbc.co.uk/news/world-africa-15876968

Mon, 11/28/2011 - 17:32 | 1922863 mynhair
mynhair's picture

Send 'em Erin Burnout.

Mon, 11/28/2011 - 17:29 | 1922849 NoMoreBull
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Breaking News:   French sources have reported what they believe to be U.S. Predator Drones circling over Paris!

Mon, 11/28/2011 - 17:43 | 1922934 PaperBear
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I almost busted my gut laughing.

Mon, 11/28/2011 - 17:31 | 1922854 mynhair
mynhair's picture

Extremely bullish.  LSAP is so close now, I can smell it.

Smells like Harry Reid in summer.

Mon, 11/28/2011 - 17:48 | 1922967 sabra1
sabra1's picture

after he did janet napolitano after her period!

Mon, 11/28/2011 - 17:31 | 1922855 B-rock
B-rock's picture

Yikes! ES down half a point!

Mon, 11/28/2011 - 17:31 | 1922859 Sunset chaser
Sunset chaser's picture

Is there realistically any chance that the US government will ever pay off its debts and return the country to sound economic footing?

Looks to me the best thing the USA has going for it in this crisis is it isn't domino number 1. But once they start falling it will be soon enough.

Mon, 11/28/2011 - 17:33 | 1922866 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The US is going to need an IMF bailout.

Mon, 11/28/2011 - 17:35 | 1922883 Seditious Blasphemer
Seditious Blasphemer's picture

I do believe it is Webster Tarpley who says, "It will start in Europe, then the US and the accelerated fall of the $ will follow shortly there-after." Also, Zerohedge newbie here... Bitchez.

Mon, 11/28/2011 - 17:35 | 1922884 PaperBear
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KABOOM

Mon, 11/28/2011 - 17:36 | 1922888 AbandonShip
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"taking into account any deficit-reduction strategy that emerges after Congressional and Presidential elections"

Best joke of the day!

Mon, 11/28/2011 - 17:37 | 1922899 fonzanoon
fonzanoon's picture

The Negative Outlook indicates a slightly greater than 50% chance of a downgrade over a two-year horizon. Fitch will shortly publish its revised economic and fiscal projections for the U.S. and will conduct a further review of its sovereign ratings in 2012. However, in the absence of material adverse shocks, Fitch does not expect to resolve the Negative Outlook until late 2013, taking into account any deficit-reduction strategy that emerges after Congressional and Presidential elections.

 

This says it all. The ratings agencies have made their beds. They would rather go down with the ship.

Mon, 11/28/2011 - 17:37 | 1922900 Spitzer
Spitzer's picture

I wonder how well JesseCafeAmericain's "short stocks long gold" play worked today..

Mon, 11/28/2011 - 17:41 | 1922920 Caviar Emptor
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With the right connections, you can send predator drones to anyone's home or office to settle any "business issues". There, that was easy

Do NOT follow this link or you will be banned from the site!