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Moody's Continues Review Of Italy's Aa2 Ratings For Possible Downgrade, To Conclude Review Within Next Month

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Fri, 09/16/2011 - 17:13 | 1678636 bugs_
bugs_'s picture

Don't make us "conclude" you too

Fri, 09/16/2011 - 17:13 | 1678637 DoChenRollingBearing
DoChenRollingBearing's picture

The contagion spreads...

Fri, 09/16/2011 - 17:25 | 1678684 HedgeAccordingly
HedgeAccordingly's picture

last half hour of each day this week we had a rush of buying/short covering.. one must surmize bernanke has has something huge up his sleeve because there will be a lot of dry powder to short any piker moves. 



Fri, 09/16/2011 - 17:28 | 1678700 Dick Darlington
Dick Darlington's picture

Moody's just don't have the balls. Simple as that. Italy Aa2, really? Uh huh...

Fri, 09/16/2011 - 17:28 | 1678703 EscapeKey
EscapeKey's picture

CCC is already priced in.

Fri, 09/16/2011 - 17:33 | 1678725 spiral galaxy
spiral galaxy's picture

Quick! "Torque" the printing press!  ........annnnd........."Quantitatively" determine how much $$$ will be needed to bailout the wuuurld!  "Ease" the flow of funds into soveriegn banks!!  "Three", "Four", "Five"..........."nth"....number of "easings" will occur!!! So all you broke, polticially inempt countries -- step right up and get a helping of good 'ol U.S. funds!!!  No collateral necesary!!! No strings attached!!! No oversight implemented!!!  And definitely no repayment is required!!!

There! Problem solved!! Back to the Emmy's and all import "realities' showing on TV!!!

Fri, 09/16/2011 - 17:33 | 1678729 SumSUN
SumSUN's picture

Why do the rating agencies find it so hard to rate debt?  It all sucks!

Fri, 09/16/2011 - 17:39 | 1678737 dasein211
dasein211's picture

Its like telling that blyatch fucking you and giving you blowjobs and reach arounds that shes one ugly tramp.

Fri, 09/16/2011 - 17:34 | 1678730 DeadOnArrival
DeadOnArrival's picture

This planet needs some new countries.  All of ours are broken.

Fri, 09/16/2011 - 17:36 | 1678733 dasein211
dasein211's picture

I think rosie is spot on. The is bernankes last shot. If he fails he fails shooting the biggest liquidity load ever.... And greece will STILL default. Everyone knows it. The earthquake has happened and there's a massive tsunami warning. Things. Will. Get. Crazy.

Fri, 09/16/2011 - 18:02 | 1678780 nah
nah's picture

maybe italy can come up with another $134 billion in US Treasury bearer bonds again

Fri, 09/16/2011 - 18:03 | 1678787 Sequitur
Sequitur's picture

I've always viewed Italy as "the big one." Not even Germany can cover Italy's debts.

Fri, 09/16/2011 - 18:05 | 1678794 oogs66
oogs66's picture

in light of being scared to death of getting fired or arrested we have delayed saying anything useful....is that what we were supposed to do Mr. Buffett?

Fri, 09/16/2011 - 18:17 | 1678819 Yen Cross
Yen Cross's picture

 Angela and Nickolas, need to do a hot tub promo...  The covering reporter should be none other than ( Deven Sharma) ...

Fri, 09/16/2011 - 18:50 | 1678889 John Bigboote
John Bigboote's picture

OT: NASA says you have a 1 in 3200 chance of being killed by the UARS falling satellite next week. That seems low. I do know that if I had the same odds for the lottery I would double down big time.


Sat, 09/17/2011 - 09:21 | 1679583 RealFinney
RealFinney's picture

Thats a 1 in 3,200 chance of someone being killed by the satelite, then there's a 1 in 6,500,000,000 that the person is you.

Fri, 09/16/2011 - 18:51 | 1678891 max2205
max2205's picture

Did S&P get gagged or did someone take away their calculators!

Fri, 09/16/2011 - 18:57 | 1678897 no life
no life's picture


Fri, 09/16/2011 - 19:09 | 1678917 disabledvet
disabledvet's picture

Just in: this vid of actual Moody's ratings Agency "downgrade-bots" downgrading and doing various other office work:
and here's another shot outside the office:
these guy's get around!
and here's they are executing on a downgrade:

Fri, 09/16/2011 - 19:39 | 1678976 apu123
apu123's picture

Somehow I think the CBs and the FED will find a way to pretend and extend the European situation at least until spring.  Every time it looks like the situation is going to go over the cliff some perfectly timed rumor or half baked action saves the day.  I think the FED will announce a LSAP program, and sometime later the Chinese (as some have suggested).  This would fuel the stock market/equities "rally" further saving many bonuses in the process.  Think about what you would get, large corporations basically owned by the FED and the Chinese, there is a recipe for success!

Off the subject, a couple of weeks ago I was speaking with a guy at Merrill and was joking about the CDS spread BofA was sporting, he got really defensive and asked where I heard that.  I told him  it is a well known fact, then he recommended I buy some BNP.  I felt it was a bit Kafkaesque, maybe BofA should start a narc website like Obama to get to the bottom of those nasty "smears"


Fri, 09/16/2011 - 21:36 | 1679143 PaperBugsBurn
PaperBugsBurn's picture

So basically it's the BRICS and Europe against the dollar and the US banksters killing the euro replacement.

I am sure it will not end well.

Appropiately, GOLD, bitchez!

Fri, 09/16/2011 - 21:44 | 1679149 Bithead1
Bithead1's picture

She's a witch....burn her, burn her.


Fri, 09/16/2011 - 21:52 | 1679155 nmewn
nmewn's picture

Ehhh!!!...whats a matter for you?

Dis is a good paper here...da finest...we gotta the Spanish paper as a da collateral. Hey Vito!...get me my ice pick!

Fri, 09/16/2011 - 22:56 | 1679228 lolmao500
lolmao500's picture

And how much toxic Italian bonds do big banks in Europe and America have?

If Italy goes down, kaboom! It's much bigger than Greece.

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