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Moody's Sells Out As Usual: Leaves US At AAA, Puts Outlook On Negative Not To Appear Overly Corrupt Or Incompetent
As that uber-sycophant, Mark Zandi (who has yet to be right about one thing in his entire career), put it so well a few days ago, when discussing the deal that will bring the US to 110% debt/GDP within a year "I'm not in the rating agency... but listening to what they have to say, I think this would be sufficient... but this is substantive and should avoid a big downgrade." Sure enough, the former Moody's top "economist" certainly knows his own, and as of several minutes ago Moody's has confirmed it will not touch America's AAA rating. However, it will put the rating outlook on negative. That should shut them up. Full report of how to sell out like the best of them is attached. And the kicker: "Moody's has also confirmed the Aaa ratings of certain US government-guaranteed bonds issued by the governments of Israel and Egypt, which had been on review for possible downgrade as a result of the review of the US government's bond rating." Well at least America's direct protectorate states (as opposed to its indirect ones) can sleep well.
From Moody's
Moody's Investors Service has confirmed the Aaa government bond rating of the United States following the raising of the statutory debt limit on August 2. The rating outlook is now negative.
Moody's placed the rating on review for possible downgrade on July 13 due to the small but rising probability of a default on the government's debt obligations because of a failure to increase the debt limit. The initial increase of the debt limit by $900 billion and the commitment to raise it by a further $1.2-1.5 trillion by yearend have virtually eliminated the risk of such a default, prompting the confirmation of the rating at Aaa.
In confirming the Aaa rating, Moody's also recognized that today's agreement is a first step toward achieving the long-term fiscal consolidation needed to maintain the US government debt metrics within Aaa parameters over the long run. The legislation calls for $917 billion in specific spending cuts over the next decade and established a congressional committee charged with making recommendations for achieving a further $1.5 trillion in deficit reduction over the same time period. In the absence of the committee reaching an agreement, automatic spending cuts of $1.2 trillion would become effective.
In assigning a negative outlook to the rating, Moody's indicated, however, that there would be a risk of downgrade if (1) there is a weakening in fiscal discipline in the coming year; (2) further fiscal consolidation measures are not adopted in 2013; (3) the economic outlook deteriorates significantly; or (4) there is an appreciable rise in the US government's funding costs over and above what is currently expected.
First, while the combination of the congressional committee process and automatic triggers provides a mechanism to induce fiscal discipline, this framework is untested. Attempts at fiscal rules in the past have not always stood the test of time. Therefore, should the new mechanism put in place by the Budget Control Act prove ineffective, this could affect the rating negatively. Moody's baseline scenario assumes that fiscal discipline is maintained in 2012, despite pressures for fiscal relaxation that often precede general elections and the difficult negotiations that are likely to arise due to the scheduled expiration of the so-called "Bush tax cuts" at the end of that year.
Second, further measures will likely be required to ensure that the long-run fiscal trajectory remains compatible with a Aaa rating. Specifically, Moody's expects to see a stabilization of the federal government's debt-to-GDP ratio not too far above its projected 2012 level of 73% by the middle of the decade, followed by a decline. Such a pattern would also support a smaller interest burden as a percentage of government revenues than is now projected. Wide political differences that have characterized the recent debt and fiscal debate, if they continue, could prevent effective policymaking around that time. Measures that further reduce long-term deficits would be positive for the rating; a lack of such measures would be negative.
Third, recent downward revisions of economic growth rates and the very low growth rate recorded in the first half of 2011 call into question the strength of potential growth in the coming year or two. Continued very low growth would make fiscal consolidation more difficult. As a result, Moody's will also be monitoring the pace of growth as it relates to the fiscal effort.
Finally, the US Treasury's cost of borrowing has remained low despite the recent political uncertainties surrounding the debt limit and the long-term fiscal outlook. While Moody's and economic forecasters generally expect interest rates to rise over the next few years, a rise in borrowing costs above and beyond what is now expected would threaten efforts at fiscal consolidation. Such a development would also be negative for the rating should it occur.
Moody's has also confirmed the Aaa ratings of certain US government-guaranteed bonds issued by the governments of Israel and Egypt, which had been on review for possible downgrade as a result of the review of the US government's bond rating.
The implications of this rating action for directly and indirectly related ratings will be reported presently through a separate press release.
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well no suprise with Moody's - now I wonder if S&P has the balls to!
S&P will cave too. Anyone who wants respect from the masses always caves to the state.
are you tards paying attention to the TLT? I mean, shit bonds been goin up up up...how you can call these types of yields OTHER than AAA is beyond me.
The ridiculous yields of USTs warrant a AAAA rating, IMO. And, yes, I am fully aware that we are fuckin bankrupt. The market will set the paper price, fuck the raters.
Come on now. America won't be AAA forever. The rating agencies will give you fair warning of AA status a full 2-4 hours before financial armageddon and complete collapse into a Mad Max scenario. Just don't make the mistake of being asleep more than 4 hours at a time.
Good strategy. I think i'll see if i can get on Moody's email notification list.
Doesn't Moodys still have Confederate war bonds rated Aaa?
Are they including tranches of BBB and CCC sub-prime treasuries into the mix and rating them AAA regardless ...... AGAIN?
Charades: Smells like....
And Gold still climbs...
Well yea it does. You should have heard Rush and Hannity today. They were on fire! Repubs(with means) who object to the passage of the bill are going to put pressure on the markets. Hannity had a guest on today telling listeners to buy used cars!
Holy Smoke MsCreant. Fireworks before my very eyes! They are going to force the second down leg using various media and subversive messages.
TIME TO RAISE THE THREAT LEVEL. It's civil war!
used cars are harder to find due to Cash for Clunkers, where they junked a lot of the potential used car supply.
Another dipshit program from Obama
Hmm, I wonder if could get a collector to part with a Deusenberg (Speling?) for some AU...
the debt is transitory
The Empire is transitory.
Moody´s stock is still up arround 20 % this year...
The economic outlook already deteriorated... The S+P 500 dropped below 1250
Now that they got the debt ceiling raised they can concentrate on getting QE3 started. Can't do that with indices at multi year highs.
the 3 mos. libor keeps going and going and going......won't be long
So the ECB was right when they called the rating agencies corrupt, criminal, lying dens of cheap prostitutes?
And that was " Candy coated". +1
I'm trying out my kinder, gentler, imperial executioner persona.
Dens of cheap prostitutes?
Warren Buffet still owns one of them brothels!
These ratings agency prostitutes are NOT cheap.
Insert "takes one to know one" here, but yeah, theyt were right.
Hey Moody's- What's our consolidated sum total "liquid asset"?
And the CNBS teams are saying "We've been long on silver for a long time" and Cramer just said gold has a long way to run as only 1.5% of people hold gold. Cramer said gold about 1660 times.
Cramer is TURD BURGLER on a wafffle iron...
Watch him silzzle in SOROSVILLE!!!
So, gold is about to be pimp slapped all the way to the sub-basement?
Leading indicators... SPX, RBA, DXY.... Stay sharp!
Zandi was probably the biggest winner in the dept ceiling debacle. AAA can't be cheap.
Don't walk - RUN to buy more gold and silver...the farce is becoming too blatant for even the most self absorbed American to notice (ok, that's not true, as they are on their i-pad, pod, w/ $800 Skullcandy earphones)...but maybe their parents will start catching on (ok, that's not true either)...no way Americans will notice a fucking thing till long after the smell of smoke has passed and finally flames are leaping around them...then, maybe then, they'll get it.
+ 1,000
I wonder how they'll rate the US when rates are at 15% on the 10yr.
LOL
Rate the US? Nobody's gonna be left alive when rates go to 15%. Hell, the whole fucking world's current debt burdens are barely servicable at current rate levels.... re: Greece, et. al....
And all the solutions worldwide to too much debt are to take on more debt?
This don't work in the end.
S/D Watch the cyn/usd revalue... The truth is right in front of us...!
well, the Egyptian 3yr is almost there, same rating and guaranteed by by the same Mob.
Moody's is not going to downgrade the debt rating unless they get the go ahead from JP Morgan and GS, who will be short treasuries of course. Check out the new video here http://www.youtube.com/watch?v=3xg0099u4z8 .
OK. I’m gonna tell you somethin’. Good Old Boy Warren Buffet’s Moody’s Invented Rating Services tries so much as to seriously fuck with the AAA of the Good Old United States of America anymore, gonna be some conversation like this from Pulp Fiction, with Timmah a-jumpin’ ‘round in the Gimp Suit screamin’ that Warren’s effective tax rate is not fucking gonna so much as see that of his secretary's on it’s way to 117%, retroactive to pre-1492, but his ass is gonna be way long time in front of so fucking many congressional committees he ain’t never ever gonna see Omaha Fucking Steak City Nebraska AAAgain in his life time.
Butch: You okay?
Marsellus: Naw man. I'm pretty fuckin' far from okay.
Butch: What now?
Marsellus: What now? Let me tell you what now. I'ma call a coupla hard, pipe-hittin' niggers, who'll go to work on the homes here with a pair of pliers and a blow torch. You hear me talkin', hillbilly boy? I ain't through with you by a damn sight. I'ma get medieval on your ass.
Butch: I meant what now between me and you?
Marsellus: Oh, that what now. I tell you what now between me and you. There is no me and you. Not no more.
haha....all is well...now return to your posts peasants! breaks over.
we're triple a see...and we'll remain triple a see...you understand..see...
Nyaah, see?
nyahh..nyahh..see?
Edward G. Robinson always creeped me out.
When is a crisis reached? When questions arise that can't be answered.
- Ryszard Kapuscinski
Did not know that US "guarantees" Israeli debt paper. Not surprised, tho. As usual, tail wagging dog.
I was wonderin' where all the joo haters were hiding.
They are busy getting in shape for the annual fall Intafada season.
Gotta burn off that glossy look from living off western welfare for most of the year.
Is it difficult to type with that hood on?
fuck this looks like a setup...watch the gaps on Au and Ag...
I like trading gaps especially when they gap down in an uptrend because it will close the gap and usually keep climbing overshoot then sometimes you get a short short in AU or AG even better.
Moody's Standard is Poor, Fitchez....
Goldie Locks courts/ The FED...
For a refresher course on control fraud and gresham's dynamic, I present the ZH community with the one, the only, the honorable (last one too), Dr William Black
https://webdisk.lclark.edu/econ/steinhardt2010/steinhardt2010.html
A must watch for understanding the basis of our present predicament
says bandwidth exceeded... yo quit bogart'n that joint, let me git summa that Billy Black
Thats actually a good sign! Try this link
http://www.youtube.com/watch?v=O3JTPzW3xmg
Deep Shah
Why do we all act so surprised at the outcomes. If you have removed yourself from the Matrix and are aware of who retains control of this nation you can predict the following without even losing night of sleep:
1) Moody's will never remove AAA
2) 0% rates will be here for another 2-3 years
3) Mark to Market has will forever be abolished
4) The debt ceiling will always continue higher
5) Ron Paul will be left out of all MSM discussions over viability
6) The Four Horseman of Pres. O, Romney, Palin & Perry will be the tea of the day
7) All capital requirements/reserves for the financial industry will be delayed following debate and discussion
8) No structural changes to HFT trading will be occuring
9) All wrong doings on the part of the TBTF will be delayed and eventually diminished to minor fines hoping that the populace has forgotten their culpability.
10) QE3 although appearing to be impossible in current climate of WTI and Metals will continue since nobody else can purchase our debt.
11) There will always be a muslim boogeyman
12) The MSM will always trumpet the status quo and the same policies they bashed Bush on will be given a pass if Pres O continues them.
13) The revolving door from regulators to private sector will be wide open from the SEC to Congress
14) The debt ceiling will never fail to be raised
15) Constitutionalists will be branded as "Extremes and terrorists" in the Mainstream Media
16) The Treasury Secretary will always be a former TBTF or pro Keynes policy minded individual
17) The White House will always tell us the recovery is around the corner and to end spending now will undo "All of the progress" and cast blame at those who wish for growth to be grown at home on the local level and not in the hands of big goverment
18) The wars will continue with words and troops rearranged to give the illusion of withdrawal
It will not end until we close our eyes to the propaganda and continue to vote in Americans. We almost stopped it this past month with the Tea Party now being branded as "Al Queda" by our own Vice President and having to trot out not only McCain calling them names of smear but Gabby Gifford to promote the illusion of the status quo "Bi-partisanship"...Vote more of them out in 2012 and we will see results.
For the first time the charade almost died when the Republicans could not pass their BS bill to be voted down by Dems because Americans were in office preventing the transfer of wealth. After wrangling the bill was passed so the dems could pretend to vote it down to pass their own bill to be later voted down by Repubs to appeal to both bases in this fiction Republic to create a "Grand Compromise" that is essentially a cohesion of the two bills.
We have these treasonists on the run. We need to be able to distinguish between Constitutionalists and Tea-O-Cons who will be in heavy force in 2012 because they both see the danger actual Americans coming to office poses. If we instill constitutionalists we can take our nation back from the thieves.Never let them defeat your morale..they have the cash and the media but they do not possess the same passion honest Americans who care about their children's future that we possess. Freedom is the newest of all ideas..tyranny is a millenia old practice.
you're no fun...
Yeah, it was pretty despicable when they had to trot out the one who is still recovering from getting shot in the brain in order to make their numbers.
ugh..how sad was that?
I'm sure Pelosi had to have glycerin drops applied before she gave the heart warming intro.
I'm also sure Ms. Gifford had no freakin' clue were she was or what she was being directed to do.
Do you think she read the bill before voting? Least she had a reason.
Reminds me of the same jokes we used to make about Brezhnev. And Reagan. And Khomeini. Same as it ever was
The Keating five should have been barred from politics for life. That would have set an example and perhaps avoided much of what we are experiencing today. Instead, they received a hand slap and our true leaders left the system. We are currently rudderless...
Dont forget the war on currency. Not dollar devaluation, rather the war to stop using paper cash for transactions. Cash is not traceable to them. Digital is what they seek.
The new American terrorist....the Libertarian. I can see Mitt Romney's new tv add.... RADICAL LIBERTARIANISM is the new face of RADICAL JIHADISM!! Well excuse me fuckers but if following the Constitution of the United States of America means I am a terrorist than so be it. Forget the stupid Tea Party. It has been hijacked. PARTY 1 - Ron Paul vs PARTY 2- Reps, Dems. soiled Tea Party "libertarians". Keep your eye on the ball... Okay, now all the trolls can junk me now. DID YOU HEAR ME???????? RON PAUL 2012 !!!!!!!!!! C'mon pussies!!! Show your TRUE colors!
+1660! But remember, a cornered animal is the most dangerous.
That's raciest dude. Let's think before we post, ok?
"Let the sargeant mirror spin, if we lose the barbers win!"
John, I thoroughly enjoy reading your comments.
One would have thought that the ratings agencies would have taken this opportunity to make a no brainer call in an effort to rehab their abysmal images. Apparently - they are going to re play the subprime mortgage saga and wait until the U.S. officially Defaults and the market is trading with a 2 handle before they "Make The Tough Call"! In fairness however- I would imagine they are busy scheduling emergency surgery to reattach their twisted off arms.
This just in
Peer reviewed Economists say this comes as a surprise,completly unexpected,nobody saw it coming.
Moody's didn't do their job during debt fiasco, and it won't do it's job now. We are a kleptocracy anymore.
'evermore', fixed that for ya.
Hummm... I see there is no money to be made on an inside tip on this. PSSSTT Sept 23rd we are knocking the USA down a notch.
PSSSTTT PSSST FUCK!
Will a Downgrade of USA FROM AAA Really Mean Anything? - Martin ARmstrong
http://www.martinarmstrong.org/files/USA%20Debt%20Downgrade%2008-01-2011...
"Downgrades come AFTER the market has already shown its course of action. It is not like the rating agencies actually pontificate and then the markets wake up and say: Oh my God! Ratings follow the market activity and have no power otherwise. The credit rating they gave the CDOs did not convince people to buy them. Once the junk was rated AAA, they were good collateral for the REPO market. That was the key. They rated the junk AAA and that made it good collateral and that was the ONLY reason the stuff sold. Without that rating, the NY boys couldn’t sell anything.
When it comes to sovereign debt of the USA, we are talking about the US$ is the RESERVE currency. About two-thirds of central bank reserves globally is in dollars and the way those dollars are held is in government treasuries. Does anyone really think that if S&P downgrades the USA that its debt will not be sold?"
More in the PDF linked above.
Read Vladimir Propp's Morphology of the Folktale: it explains everything. In the next part of our story, someone will get married and live happily ever after.
"Not to appear overly corrupt or incompetent"
Indeed. We must only appear mildly corrupt and mildly incompetent.
This country is going STRAIGHT into martial law
Super Congress means end of America as we know it...
http://theintelhub.com/2011/08/02/super-congress-the-final-nail-in-the-c...
the only entities stupid enough to trust the ratings agencies are pension funds.
And those stupid people do it with OPM, so what do they care?
Party on!
We need to break those Fed Pension funds...
They look totally corrupt and incompetent anyway and not just look it, They Are !
Funny everybody but them know it.Is this some kind of mystery phenomena that is taking over the washington bubble ?
Cramer is so spun , he is pushing " Pharmas" What a clown...
To look at the man you would think that he is also snorting them.
....booyah ! Big Pharma is a screaming buy....we be eatin our pills until properly sedated. Then comes the peas. Go long Birds-eye too.
For anyone with an IQ over 95, it's relatively easy to understand Moody's decision.
Moody's: "We want immunity from future prosecution... (ya know, subprime crisis and our involvement as a catalyst, the MBS scandal, and all that shit) . . ."
US DOJ: "What are you willing to do for to be assured of that immunity?"
Moody's: "Well, for starters, we'll keep the US government bond ratings at AAA..."
US DOJ: "OK, you guys have immunity; but we didn't have this conversation..."
Moody's: "What conversation . . .?"
What as sham. Moodies does what ever the Banks want it to do.
I believe the Banks used Moodies to get the 2 Trillion Debt deal. Who keeps Moodies in business? The Banks.
I watched ceg get crushed from $98. down to $15. Moodies downgraded it. Wa La Buffet wanted to buy a major interest in the Company.
I watched Abk go into bankruptcy because every time it started to show a spike in share price they would downgrade it. I believe JPM was short the stock and wanted to cash in on their CDS's. Abk also had a law suite against JPM because of all of the bad loans that Washington Mutual had that JPM bought.
The Bankers are running the Country and they are using the Rating Agencys to complete their agenda.
https://webdisk.lclark.edu/econ/steinhardt2010/steinhardt2010.html
Rating Agency's have become Terrorists. They do the Bankers bidding. So, if the Congress and the Senate did not raise the Debt Ceiling by 2 Trillion and allow the FED to transfer the entire amount to the Banks then they would downgrade.
Force all of the Money used for SS and Medicare to be taken away from the Seniors and given to the Banks as well.
The Bail Out of Bankers ran up the Debt Ceiling at the expense of all Americans. Now they want even more money to siphon even more money from Americans.
Matt Tabbi's explanation of the giant squid wrapped around the face of humanity is mild. They are more like leaches sucking the life blood of everything they touch. They leave it for dead and go onto another host.
Gold is up $43.50 today. That means I had a very good day. Thank you. I may have a drink now.
This is a Market rules: When you feel too good about your investment it's a time to take a profit. Unless you sold your GOLD here, don't, drink too much, cause this POP will be sold soon.. Nothing goes up in the straight line.. small 100+$ correction, at least, around the corner.. Watch and learn.
I bought it 3 years ago............... @823USD/oz.
I had steak for dinner. It tasted like.......Victory.
Don't forget these Agencies are regulated by the um..... US Government. Nothing to see here folks.Move along....
Ohh, and by the way, if US is not AAA, then who is?
Russia? :))) Get your brains in order, dudes..
Standard & Poor's have assigned the AAA rating to the following: Australia, Austria, Canada, Denmark, Finland, France, Germany, Liechtenstein, Luxembourg, the Netherlands, Norway, Singapore, Sweden, Switzerland, the United Kingdom and the United States. Territories that are not sovereign are also included: Guernsey, Hong Kong and the Isle of Man.
http://www.guardian.co.uk/business/2011/jul/27/triple-aaa-credit-ratings...
Even Krugman is trashing Moodys. From yesterday's Krugman interview here on ZH:
Reporter: "Well, what about Moodys and S&P?"
Krugman: (chuckling) "Who's going to believe a company that rated subprime junk as Triple AAA?"
(I'm paraphrasing a little)
Even Fitch is better and Dagong is one of the Best of the Big Rating Agencies....of course, nothing beats ZH opinions!
ZH for years rates everything to junk, except Gold, guns and water..
Perhaps, if they are so sure about some Chinese scams and Market (ponzi) "should go to zero" why not just load up on Shorts and make 3x money vs been long Gold?
Anybody got iron balls to short S&P here without stop loss??? - speak now or forever hold your peace...
Thanks.
We'll check back on results by December.
dude, check back over my posts...puts on Dow prior to Europe open. both the S&P and Dow will be shorted now till QE3, even then they have to do money shot over a trillion plus - to get things moving. By that stage Asia will be dumping UST's and it's protectionism and chaos. There will be no more mega rallies for a long time.
Indeed. All this crap was triggered by Reps in the House, dancing chicken dance for a week, other than that nothing been really changed. Economic numbers was weak for a while now.. Actually it might be orchestrated to get QE3 on the table, cause all of the sudden PPT nowhere to be found to support the Markets at least for now. And me? No I won't short here..
8 straight days down, rebound should hit soon.
I understand everyone is shorting ahead of ATP number,
I wish they surprise upside somehow, to fry some shorts
on the spot.. We'll see tomorrow..
Forget Moody's and Zandi is an idiot (no offense to him..but y'know...). The whole world will will down grade US debt now. Eventually Moody's will swing back, lock in S&P 100% downgrade coming.
"he whole world will will down grade US debt now. "
Ha-ha-ha, Yeah, Baby, the whole world downgrading US debt now by piling up on T-bills, pushing rates to all time low (in some extend even to NEGATIVE % on 2 years).. It's actually looks like an UPGRADE to me,
approved by Markets.
Living through a currency devaluation
http://lonerangersilver.wordpress.com/2011/06/20/living-through-a-curren...
Good link. May have to pass this on as a final warning to friends/family.
Getting time to short bonds, perhaps sell the news that all is well in credit land?
All those who thought the "house of cards" would be taken down by an insider...raise your hand?
The jokes on us again, or those who really believed that Moodys or SP would do a downgrade.
You can call it a house of cards, and keep reminding yourself that it will fall soon, but nothing is further from the truth.
It will persist until americans say "enough is enough". Until then, you get the blatantly criminal cabal running your world.
This whole shitstorm of fraud, war, genocide, deceit and suffering worldwide could end quite simply if Americans were as angry as Libyans or Greeks.
But that will never happen right? We have no real power...right? We'll wait for someone like Ron Paul to fix it for us....lol.
Hang in there....it might be awhile before any substantive changes regardless of the doom and gloom.
Its a well-oiled machine and a few slip-ups isn't going to bring it down.
Now...please return to your incessant "hanging on by the fingernails" for change.
"We'll wait for someone like Ron Paul to fix it for us....lol."
I like Ron Paul in some extend, but he's more
like a farmer rather than a President. "Delete Fed,
No Gov, Gold standard", dude need good pension and
relaxation.. Sarah Palin has better shot, seriously :)))
deleted
I bet Ron Paul could go some way to fixing some of the problems, that's why he will never get in.
THEY don't want a smart ass president that knows what he is doing and talking about.
He would just end up being assassinated.
Now Sarah Palin... she could well and truely screw things up even more than they already are, so I'd say she has a good chance if she goes for it.
When they get like this guy, maybe then some change will come about. As it is now, no one even cares as long as they have their cookie.
Check this out, take a note, and pass it on:
Part 1:
http://www.youtube.com/watch?v=Dlf4gOvzxYc
Part 2:
http://www.youtube.com/watch?v=mDlEOmcALwQ
Nothing but a bunch of shills; they know full well where their bread is buttered.
You want AAA+? Buy physical gold.
http://money.cnn.com/2011/08/02/news/economy/moodys_credit_rating/index....
"Moody's affirms AAA rating, lowers outlook"
My response to this headline is: I lower my gaze, shake head side to side, and affirm that I'm good enough, smart enough, and doggonet, people like me
Moody's was just a part in the play.
...
(still channeling Roger Waters)
...
The lunatic is in the hall
The lunatics are in my hall
The paper holds their folded faces to the floor
And every day the paper boy brings more
Look out for the shock.
IMF on UK: Union Jack: Be Nimble, Be Quick August 1, 2011
The IMF says the U.K. government should be nimble in its policy response if the economy is faced with a period of slow growth and high unemployment. In this interview, the IMF’s Jai Chopra says there’s no evidence of that happening yet.
http://www.imf.org/external/mmedia/view.aspx?vid=1084824304001
The comedy has reached a child level. Have you forgotten? LOL
Nursery Rhymes - Jack Be Nimble
http://www.youtube.com/watch?v=zisiGN-06C8
My word. Children rhymes are seeding new policy. LOL
Once again, the rating agencies are simply a attention whore. Little do you know or do.. Basel III is a new divine in which rating agencies need to conform too. Hell, I enjoy a drama queen frothing lies to protect their image. LOL
Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - consultative document
http://www.bis.org/publ/bcbs201.htm
August 9, 2011 is the Federal Reserve Meeting. Connect the dots!
excuse me, did you say
US Govt guaranteed bonds issued by the Govts of Israel and Egypt?
did I read that correctly?
Q: How many divisions does the Pope have?
A: How many treasury bonds does Moody's buy?
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