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S&P To About Commence Cutting Corporates
Those who were hoping only government and government-related entities are about to be skewered by S&P, we have some unpleasant news: according to Reuters Insider: "Announcements should be expected this morning about effects to corporations from S&P’s downgrade of U.S. credit rating, David Beers, head of S&P’s sovereign ratings." This means financials, the corporate group most at risk to the US downgrade, are about to be shellacked. And, as we pointed out previously, a 2 notch downgrade in Morgan Stanley will result in a $1.4 billion margin call. We haven't done the math on the other TBTFs but something tells us Bank of America is in the same boat (and isn't it ironic if AIG also ends up seeing a collateral spring as a result of the US downgrade). Are we about to see the first (of many) truly unexpected consequence of the US downgrade? Stay tuned.
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side note
Radiation Levels Strong Enough To Kill A Man In Seconds Detected At Fukushima Nuclear Power Planthttp://www.youtube.com/watch?v=8lDUkKODR4I
if this is true and it is, then how in the hell are they ever going to clean that up and just when will this event ever end? and what are the ramifications for the world?
There will be no clean up.
So -- in context, S&P d/gs TEPCO to FFF.
I think everyone knew that HPD..
This is not the clean up you're looking for.
Slow indiscriminate depopulation as planned / desired. Read yesterday there is already a 30% increase in still born babies and the background radiation was 1000 times that immediately following the A Bomb hit in WW2 ..... Billions in futile cancer treatments will be reaped along the way. It really is sureal how little attention it gets. Hopefully the 'models' predicting it will circulate around the Nothern Hemishere are true for us Southern Hemi's. It is measurable in Canada so I would be buying a dosimeter and keeping tabs myself ..... can't trust anything you are fed via official channels.
would you really be surprised if it was fake? I have seen pretty good evidence that it is all an elaborate psy-op. but, i'm just a tin foil hat guy.
Exactly what is "it" that you think is an psyops? The readings? The meltdown itself? Would appreciate an elaboration. Thanks.
the radiation readings are faked. many of the photographs of the damaged facility are faked. no doubt that a wave hit the facility, but the rest of it is a smaller scale 911 type event. but the radiation is all scare mongering. there are still a few places on the net where you can find real radiation readings, and they show no issues. the real tell is the fake pictures of the facility. if you dig around the net you can find a discussion of this, with old satellite photos of the real fukashima plant, which look nothing like the pics they have been showing on the news (which are replete with alterations anyway).
You are spending too much time on Godlikeproductions.
hardly. those morons think muslims control the world and that only by saving the state of israel will the U.S. be saved. mind control anyone? besides, they are all convinced that the radiation from fukishima will kill us all. I see it for the bs that it is.
Sorry, CD. That information is on a "need to know" basis, and cleared for release only at the very highest level. Special Psy-Op Unit 2 is a highly-trained and field operation-tested group.
http://4.bp.blogspot.com/-dzEFx0qjko8/TZWMdEviDdI/AAAAAAAADG8/1Yj1LkcO9s...
????? I can contemplate that the quake / tsunami were triggered by HAARP accidently or on purpose and/or that the Nuclear industry is corrupted and the facilities are sub standard as a result but you can't fake a Globally televised disaster with tens of thousands dead .... You tube and Blogs would be inundated with reports of same by millions of Japanese citizens for starters.
First we will all begin glowing, then many will die horrible deaths. Then, the Government will raise the acceptable radiation limits and call the ones that do manage to survive crazy and conspiracy theorists.
Go to google, then hit news, then put fukushima into the browser.
The news makes it look like nothing unusual is going on, at all. The silence on this is deafening.
It's only real if we are told it is.
Some elder Japanese have volunteered.
No-risk elder population reduction?
Somehow I don't think the denizens of West Palm Beach will leap up to volunteer to deal with the Vermont Yankee if and when.
Laughing uncontrollably!
Blue Monday, bitchez!
http://azizonomics.com/2011/08/08/blue-monday/
So are the PE ratios of 2000 of LinkedOUT not bullish?? Hey Jim Cramer... What do you think?? Should I buy??? LMAO!
I think US govt should arrest S&P guys and all other rating guys. Rating activity should be prohibited as fraud.
Unless, of course, they are downgrading concurrent souvereigns... :)
Ratings come from schools. Schools deal with kids and have to make things simplified. In adult life ratng is fraud.
Indeed: on a more serious note, I agree with you. Serius transparent information should suffice to anybody operating in the financial market, non need for ra(n)ting :)
Any adult-life information should be presented in adult language. It cannot be presented as 1-week old's language: AAAA, UUAAA. How come these "babies" are allowed to damage people's life? RATING IS FRAUD
Don't give them any ideas. You know they read the comments section here.
I guarantee there have been endless discussions about how exactly they could go about doing just that.
Nothing to discuss. Just try them for fraud. No cruelty needed. Greece will make a new NO-PASARAN-RATING public holiday. Many other countries will follow.
it is the regulators that gave them the power! that is what is most insane, the government did this to themselves!
if we started waterboarding S & P guys, and gals, I promise you they would start singing like birds and then everyone would understand what it is they really and truely are all about...........
RATING = FRAUD. Rating has less letters than 2 week old's language. How can anything be described in this language?
Central bankers may use more verbage, but the level of semantic content is about the same.
I disagree. Your letter is in common language. I understand it and I disagree. If you have said something like UUUAAAA, I would not be able to understand and the react to your message.
Somehow, I get the feeling this downgrade/takedown is deliberate. So who's pulling the plug?
I think S&P try to be honest after all previous mistakes. They honestly (within their baby languge) changed the tune. But the very idea of the RATING IS WRONG.
moat likely, no? I mean it's not like the S&P all of a sudden decided to do their job. Market crash, QE3 to the rescue?
wTf?!
We should start arresting people for having opinions now?
I nominate you.
Opinion must be presented in adult languge. RATING IS FRAUD
JFC. You do know the downgrade came with a big write up and everything? It had charts and graphs and lots of words.
The letter rating is just the short hand.
here read the damn thing: http://www.zerohedge.com/news/sp-about-start-cutting-corporates-well#comment-1536956
So it should stay with the many words. Mathematically, it cannot be compressed in 3 letters. Even if you compress your photo with Jpeg you undersatnd you loose quality of the photo. Imagine your photo will be comressed into 3 letters - we will not know if you are male or female :)
So your original point that we should arrest S&P is that although they did release a detailed paper on why they were downgrading the credit worthiness of the US they sum it up in AA+ and that is bad,
Ok I get it, you are a distraction.
Carry on.
I think the fraud is in converting a long text into a short code and presening the code as it has some value or meaning.
And how about France? Doooooh......
That would be really bad news.
Those S&P execs aren't going to be very popular at dinner parties any time soon.....
Collapse Bitchez, good thing AU/AG have no counterparty/default risk there.
The XAU is in the green
I prefer physical but XAU contents keep it coming out of the ground in large numbers. Got a chance to check out Barrick and Newmont's operations in Northern Nevada, pretty impressive stuff.
I am 70% physical but that is too easy. Have to gamble somewhere.
I love the smell of S&P corporate downgrades in the morning. And in the afternoon as well.
ANYTIME!!
What happened to the new message board?
Site was crashing too much, trimmed the frills for battle.
Short answer: people can click arrows a lot faster than they can type.
Whaddya know--I've been looking for this one. After all, TBTF's, being backstopped by AA+ USA, can no longer be regarded as AAA. Sure, we could always overlook all the criminal fraud and Mark to Myth, but now with the US downgrade leading the way the financiers, Faux News and useful idiots can lay blame entirely at the feet of government.
Austerity comes.
How the eff does s&p figure that GE is AA+?
Where is the number to that truck driving school Mav?
http://www.allianceschooloftrucking.com/
BOA is taking it from every possible flank......there is no way they can hold on
Oh I'm feeling so bad for them.
Not.
I just read there are rumors about UK downgrade around...
Any news about S&P being incorporated by Dagong?
David Beers, the head of sovereign ratings at S&P has just been quoted as saying in an interview today that "[He]...is also confident that Britain will follow through on the fiscal consolidation that will preserve its AAA rating"
This looks like the kiss of death... they are doomed.
Well, the UK richly deserves a downgrade of serveral notches. Hugely exposed to the Euro. Hugely Exposed to the FIRE sector. Hugely overburdened with tax and over-regulated. In addition to which it has already QE'd itself to a 25% currency debasement over the past 2 years.
I simply cannot understand why it's still AAA.
That will be Moody's job. S&P got the U. S. (short straw) and they'll spread the disgust around at the ratings agencies. A little spread in time to divert attention from the collusion. Pity da foo' that gets France! Just buy more popcorn.
S&P are like a mad axeman charging about taking chunks out of everything they can reach.
All those years of dithering complacency, AAA rating every piece of crap that crossed their desk, seem to have filled them with an uncontrollable urge to downgrade the entire world.
Go for it, I say.
Leeroy Jenkins!
LMAO.
At least I got chicken.
1/They Will Never Change: Vote Them Out.....
2/Uh Oh... AIG Intends To Sue BAC?.....
3/CONgress and Obama: You Own This.....
http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/08/they-will-nev...
---OT: Hilarious Upside Down 2 minute video.....
http://www.youtube.com/watch?v=W0Uju3t
There's nothing like the smell of fresh downgrades in the morning...
SO I might have been off by a day or two about BAC's collapse, if shares go under where they are now, go ahead and dispatch the meat wagon.
A downgrade to BAC at this time should put the stock squarely in the $5 range in no time flat.
Is this the time Cramer issues a mass "I'm sorry" or is Seppuku the only acceptable I'm sorry from him at this point?
http://farisazlan.files.wordpress.com/2010/10/seppuku.jpg
I placed a couple orders at Schwab and it doesn't look like they are getting filled. But my cash balance looks smaller. I hope this gets ironed out.
Well there you have it - it'll be S & P's fault when the history books are printed. Not the cause, but the effect.
Or the Tea Party. The Tea Party created the acrimony that led to the drama that was, in part, cited by the S&P as a reason for the downgrade. There are all sorts of scapegoats available for whoever "wins" to write about in their history (i.e. lies agreed upon).
My broker called and said I should consider investing in shorts or something and I thought here it is August already what is he thinking cool weather is just around the corner.
How can any U.S. based corporation/state/municipality/etc have a higher rating than it's sovereign?
There is no US entity that is more than AA+ with a negative bias as of Friday night - period.Let the games begin.
Now is the winter of our discontent.
I'm feelinf FAZ-tastic on this fine Monday morning. Too bad I also have to worry about if there will be anyone around to pay me.
I guess Rule 48 forced Tyler to turn off the "thumbs up/down" feature in here.
Oh Bank of America is dead. But even I'm surprised at how well Treasury Bonds are doing, but then again, gotta blow out the easy short. Only a few names I remember here.... hope all have enjoyed the recent chaos... I have! :P
@phaesed
Missed you too, bro. Don't be such a stranger. IMO, yields are headed lower.
Talk to me when they correctly downgrade the USofA. It's still beyond optimistic and beyond all reason to JUST knock an A off.
S&P and Moody's should have been prosecuted for criminal fraud after the 2008 CDO collapse--of course they couldn't be because the banksters would be implicated.
And it boggles the brain how bonds are doing anything better than horrible! This game is unsustainable!
I agree with Marc Faber and others, we have already seen the highs for this year between the end of April- beginning of May. All bets are off if QE3 is initiated though.
Come QE 3, however, the oil price would soar high enough where we would get riots in the streets here in the US.. With Obama intent on getting re-elected, I wonder how he might respond to the money printing madness.
Things are certainly getting interesting anyways. I, for one, never believed the world reserve currency nation would ever get an official ratings agency downgrade. I will continue to sit on the sidelines and watch it all play out. 100% in Gold + Silver, hasn't failed me yet.
And how the fuck is SILVER under $60/oz at this stage is insane. It only confirms that there will be exponential surge as pressure builds. But WTF do I know?
The legendary greedy little prick Buffet makes a comment on the S&P downgrade
http://www.cnbc.com/id/44056326
Self centered conflicted lying prick.
Even though it will hurt me badly, I would accept it if I knew all the greedy fucks were going to get wasted in a collapse.
May the collapse come in such a way so that its clear to the average American as to who is responsible.
funny how he said he would still invest in US treasuries even if they yielded 0% and has always maintained this position on gold (real money)
It gets printed up at some press and/or digitally faked into large 1/0s then accounts are manipulated up in value. Then we further manipulate it again and pay people to lie about it all while fucking the populace out of their future. It has negative utility at this point. Anyone watching from Mars would zap every single Homo Sap off this glorious rock and purge the godamn solar system.
That SOB is an outspoken advocate of the Federal Estate Tax. He thinks Uncle Sam is entitled to a large chunk of your estate when you die.
WB = SOB
+1.
WB needs to get off the planet ASAP!
from frontrunning:
Berkshire Hathaway Q2 profit rose 74% to $3.42B on improved results in its derivatives portfolio.
remember that quote about derivatives being WMD?
the wonders of insider info and ether.
Fannie, Freddie and Fed. Home just cut by S&P.
So, not just anyone with some cash and determination remaining gets a gold star anymore. I guess it’s not ballet class for four year olds after all.
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