Moody's Releases Statement On Potential Outomes In US AAA Review

Tyler Durden's picture

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AldousHuxley's picture

There they go again rating junk POS with AAA.

 

Moodys hired all of those cheating teachers who pass kids to the next grade level when they can't even read the grade levels below?

 

Moody's Credibility sinks to Junk Status: http://www.youtube.com/watch?v=QJXk8L22ACg

 

"As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression. A McClatchy investigation has found that Moody's punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings."

BigDuke6's picture

AH, keep up the good chat.

You may like to see Jim Roger's thoughts on Moody's

http://online.wsj.com/video/jim-rogers-us-already-has-lost-aaa-rating/0C...

 

66Sexy's picture

I wish Moody's would stop nibbling on the barrell...

just pull the trigger already. Lets do this shit.

Id fight Gandhi's picture

Pfft, these rating agencies get their marching orders from the banks and uncle sugar.

One notch downgrade Pretty much equals junk.

Ag Tex's picture

Ironically, Moody's and S&P's ratings should be downgraded to "junk".  It's a fraud!

Black Forest's picture

Heh-heh-heh . . .
Have you heard the news?
(News? What news?)
Can't afford no shoes
(Ow! Get a deal on tape)
Have you heard the news?
(News? Can't afford a paper)
Can't afford no shoes
(Hi-yo-hi)

Went to buy some cheap detergent
Some emergent nation got my load
Got my load
Got my toad
That I stowed

Well, well,
Hey lawdy mama,
Can't afford no shoes
Maybe there's a bundle of rags that I could use
Hey anybody,
Can you spare a dime
If you're really hurtin', a nickel would be fine
Hey everybody
Nothin' we can buy
Chump Hare Rama, ain't no good to try
Recession
Depression

Wah-ooh-wah-ooh WAH-WAH
Wah-ooh-wah-ooh WAH-WAH

Well, well,
Hey lawdy mama,
Can't afford no shoes
Maybe there's a bundle of rags that I could use
Hey anybody,
Can you spare a dime
If you're really hurtin', a nickel would be fine
Hey everybody
Nothin' we can buy
Chump Hare Rama, ain't no good to try
Recession
Depression

 

http://www.youtube.com/watch?v=gv7RXf9tMCI

 

 

snowball777's picture

"Who cares if you're so poor you can't afford to buy a pair of Mod-a-go-go- stretch elastic pants?" - FZ

dasein211's picture

Robo is right. Sickening as fuck but he is.

WestVillageIdiot's picture

Yep.  Robo could type up tonight's lottery numbers and still get 4 pissed off responses.  Many of his responses may seem baiting or sarcastic but they are dead on.  The big boys in charge are definitely in charge. 

Crisismode's picture

.

 

Robo has Zero Credibility on this Forum.

 

ZERO,

 

Until you understand that, you are defunct.

Not For Reuse's picture

eat a dick, bitch. Robo has 100x the cred you will ever have

RobotTrader's picture

 

 

Bonds traded today as if they were upgraded to AAAA

Ultra superior, gilt-edged, fiat paper, the envy of the world.

LOL.....

hambone's picture

This "crisis" has clearly specified that T holders will be paid above all else.  If there is to be a default, it will be on the old, the infirm, the colored, the average, the children...basically those without lobbyists and representation in DC.

Mr Lennon Hendrix's picture

It's a parlour trick.  When the US government defaults, the BIS/IMF/World Bank will swoop in and tender an agreement with the world to how the new global credit system will function.  A new fiat standard will be issued, "backed" by gold and maybe silver/platinum.  Debt/GDP ratios will be assessed.  Credit standing will be judged.  The Treasurie is making sure that when this happens the Global Banking Cartel is assured the US will "do what it takes" to play their game.

EscapeKey's picture

No way. As part of the IMF membership agreement, one's currency can specifically not be gold-backed.

They don't want to tie it to anything non-dilutable, as dilution IS the game.

Vic Vinegar's picture

Nah, Lennon has it right.

Think about way back in the day when the Fed started.  That currency was gold-backed wasn't it?  The dilution of the new currency will happen eventually, too.  It’s just that your kids and mine will be bitching about how Sasha Obama, IMF Head, has decided to take the SDR off the gold standard. 

hedgeless_horseman's picture

Esacpe Key is right. Currency elasticity is the lifeblood of the banking cartels.  This is all being played according to the rules of the bailout game.  If you want to know the rules, then read The Creature From Jekyll Island, Chapter 2.  The only twist is that the dollar is the reserve currency, but that is about to change concurrent with war and a long period where there is no reserve currency, only resources.

Vic Vinegar's picture

I don't disagree with anything you wrote above but still say Lennon is right.

So let's just kick back with some Dave Mason:

http://www.youtube.com/watch?v=p8_FOQ7-P30

Mr Lennon Hendrix's picture

The name of the game is a One World Government with One Standard Currencie.  The World Bank, France, Russia, and many other States have urged this Standard to be backed by gold.

All sacrifices will be made at all costs to achieve this goal.  This has been the goal of the Dinosaur Kings sinceyear One.

SheepDog-One's picture

Yep and that date is way sooner than most people imagine.

Bonesetter Brown's picture

Say what?

A new global credit system is more likely to come from Facebook than that motley crew.

haibop's picture

this is going to be exciting. Look at Euro today... foam mattress

Oh regional Indian's picture

LH, How deeply is one willign to pierce the Gold story? Beyond and behind Another and his acolytes perhaps, because he dug deep and far into history to deliver his clever, cleverly timed and delivered message. His work, anonymous to boot, is the GOld Standard by which FOFA and his readers base their Freegold thesis.

Then there is the other bedrock, all the gold ever mined would fit three swimming pools (Olympic to boot). Well, a recent temple treasure opening brought out 3-5 tonnes of pure gold, coins and biscuits that is and random, huge statues of gods in pure gold, some 7-8 feet tall. This, then the inner sanctum of th etreasury cannot be opened as it is believed it will expose a crack to the other world, causing instant global melt-down. 

Well, imagine what would happen if a thousand tonnes of gold was discovered there, or ten even. And this is one temple of a thousand at least of it's size, history and loot, in India alone. Then there is the Vatican and SwitzerTemplarland. 

I feel Gold is the ultimate head fake of this game.....

Meanwhile, I am with equal irrationality drawn to Silver. No midas story associated, as fungible as any other "hard" wealth store.

if gold is exhibiting signs of irrational rising that Silver was a scant month and a bit ago, I think thsi August 15th date might be intimately associated with a Dollar/Gold story of epic and historical proportions. Our september surprise might be delivered in August. 15 August 1971 Nix Nix shut the gold window, Hard, on DeGaulle's hand.

Just gut feelings. I'm hedged accordingly.

ORI

http://aadivaahan.wordpress.com/2011/07/30/pre-cursor-01/

Agent P's picture

"This "crisis" has clearly specified that T holders will be paid above all else.  If there is to be a default, it will be on the old, the infirm, the colored, the average, the children...basically those without lobbyists and representation in DC."

What choice do they have?  If they don't pay the bondholders, then there will be no bondholders.  If there are no bondholders, they cannot run 40% deficit spending.  If they cannot run 40% deficit spending, the system collapses...not good for all the groups you mentioned above.  Sucks, don't it?

dick cheneys ghost's picture

Anyone see this from goldseek about what the fed might be up 2? 

 

http://news.goldseek.com/GoldSeek/1311919380.php

WestVillageIdiot's picture

That was an interesting perspective.  It is amazing how shit that would have seemed like a sci-fi story 10 years ago now seems about as plausible as Lindsay Lohan getting gang-banged at a Shriner's convention. 

haibop's picture

definitely this is very interesting perspective. walk in freezer

JW n FL's picture

Per Feroli, banks and financial institutions can lend their Treasuries to the Fed in exchange for Fed cash in order to ease any credit strains to be caused by a US default.  He was quoted as saying “In general, I think they’d want to temporarily substitute the Fed’s credit in place of the Treasury’s credit.” 

http://news.goldseek.com/GoldSeek/1311919380.php

 

JP Morgan Head Economist Feroli.

http://www.bloomberg.com/news/2011-07-25/u-s-can-avoid-default-at-least-until-september-silvia-says.html

 


Credit Strains

Michael Feroli, chief U.S. economist for JPMorgan Chase & Co., said a Fed contingency plan could allow banks and other financial institutions to temporarily lend their Treasury securities to the Fed in exchange for cash. Such a move would be aimed at easing any credit strains caused by a default, he said.

“In general, I think they’d want to temporarily substitute the Fed’s credit in place of the Treasury’s credit,” Feroli said.

http://www.bloomberg.com/news/2011-07-25/u-s-can-avoid-default-at-least-until-september-silvia-says.html


Federal Reserve Pays Banks / Wall Street 800% More for Deposits over what “We the People” get paid!   http://goo.gl/LblE7

Azannoth's picture

Yes the 1% will be saved at the cost to the 99% untill the 99% starts handing the 1% from the lamposts(not gonna happen soon enough)

Mr Lennon Hendrix's picture

It's a "dead Geithner bounce" Robo.

faustian bargain's picture

Bill Gates just sold 5M shares of MSFT...I think he's going to buy the Turkish army and do a hostile takeover of the Treasury.

Taku's picture

Raising a covert, private army?
No way. Not on the heels of political gridlock.
Just doesn't happen!
...For that matter, who'd think of such a thing?
Impossible.
Never.
This time is different.
It can't happen here.
They'll do the right thing.
They're leaders in senior positions.
No one actually went to jail for the financial crisis, so...
We can trust them.
We have to bail them out.

Where's George Lucas when you need him.

trampstamp's picture

He has been selling every day for years. Why do you think the stock doesn't move much. Nothing new.

rockraider3's picture

In other words, the US Government won't let Moody's downgrade their debt.  No surprise there.

haibop's picture

let's see what's going to happen then. reverse phone detective

lizzy36's picture

What Moodys just said it that as long as Washington gets a deal DONE to raise the debt ceiling. ANY DEAL by August 2nd they will not DOWNGRADE. Regardless of the deficit reduction plan presented. Merely maintain a negative outlook.

One wonders what the quid pro quo to Moodys was/is for this non action.

Unfuckingbelievable.

wang's picture
wang (not verified) lizzy36 Jul 29, 2011 5:25 PM

Warren has been strangely silent through all of this, perhaps he received a call from the justice department

Tyler Durden's picture

What is unfuckingbelievable is that Moody's even said it may downgrade the US in the first place. Of course, that was driven purely by the bluff to scare Republicans into submission... Which failed...

And now they are backed into a corner and have to backpedal.

mynhair's picture

Hence they are heretofore and hereafter known as Mooties.

And they do have cooties.

AldousHuxley's picture

At this point, MOONIES have more followers than moody's. Buffet should divest his MCO holdings and buy Unification church.

 

http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/04/25/uni...

Use of Weapons's picture

Ratings agencies are merely weapons, and are staffed by loyalists -  I assumed this was common knowledge (??)

i-dog's picture

Which is exactly what Tyler said. Did you have some other point in mind?

Noah Vail's picture

I love it, downgrade after default. Fits right in line with budget reform after bankruptcy and collapse. Lock the door after the house has been robbed.

Mr Lennon Hendrix's picture

Lock the door after the house has been robbed.

Especially if you robbed your house yourself. 

Call the cops!  We've been robbed!