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S&P Board Fires CEO For Telling The Truth, To Be Replaced With COO Of Citibank
Following years of pandering to client demands, and assigning trillions of dollars in fixed income securities with whatever rating money bought (among other things, a factor to the credit bubble and its subsequent implosion) S&P finally tried to do the right thing and tell the truth. However in this case it picked if not the worst, then certainly the most hypocriticial credit in the world to expose - the US itself. Sure enough two weeks after the downgrade, someone made the phone call and the CEO Deven Sharma is no more. As for the kick square in the gonads: Sherma will be replaced with the COO of...you know it... the bank which demanded tens of billions in secret Fed bailout loans itself, Citibank, and whose existence is inextricably tied to America not seeing any more downgrades ever again.
As the FT reports, "The McGraw-Hill board made the decision to replace Mr Sharma at a meeting on Monday, where it also discussed an ongoing strategic review." Alas, this is nothing but a case study of modern corporate reality in America: if you are not with the status quo, you are against it, and you are promptly booted out of it: anyone who does not share the visions of one glorious future built on ponzi schemes, houses of cards, and games of three card monte, will be promptly suicided, either physically or professionally.
We expect that this flagrant example of how the powers that be will deal with any dissenters will instill the fear of god in anyone at either Moodys (or the French sycphants from Fitch) and nobody will ever again menton the words "US" and "downgrade" in the same sentence.
From the FT:
Deven Sharma is stepping down as president of Standard & Poor’s only weeks after the rating agency issued an unprecedented downgrade of the credit of the US, according to people familiar with the matter.
Mr Sharma will remain as an adviser to S&P’s owner, McGraw-Hill, for four months and leave the company at the end of the year, they said.
Mr Sharma will be replaced as S&P president by Douglas Peterson, chief operating officer of Citibank, the banking unit of Citigroup, they said.
As for the official story:
People close to the company said the search for Mr Sharma’s replacement has been going on for six months, and was triggered by the split of its data, pricing and analytics business from its ratings business. The creation of that new group, McGraw-Hill Financial, reduced the scope of Mr Sharma’s oversight, they said.
So let us get this straight: in America when you dare to tell the truth, your career is over, while if you are a corrupt, lying, incompetent tax evader you not only get to be Treasury Secretary but likely will be on for life as long as you do the one duty you are entrusted with: pander to the interests of the Too Big To Fail financial institutions
We should be speechless but at this point we are well beyond the point of even caring.
The only question left in this entire farce is how long before S&P issues the following upgrade of the US:
"Great service, AAA+++ rating, immediate payment, would do business again!!!"
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And most likely all at the same time... like they did with Dr. Paul during the Iowa straw poll on the MSM.
I gave it 90 days (or less). I think they have to make it look like it was a dilligent, heavily researched and double checked NEW calculation to correct the old one. We will see.
I hope the Tea Party rallies and burns an S&P logo or something.
yep. i don't even give an over/under on when the Congressional investigation just quietly disappears -- its likely already killed in exchange for the sacking and the subsequent admission of "error" 2 months from now. though, as others have pointed out (including the S&P itself), there's no such thing as a $2T "error" when you're talking expected budgets, tax receipts, and GDP in the year of freaking 2021 -- its just a disagreement. the margin of error with any 2021 guesstimations is literally 10X that.
It took DSK 3 months to shed his rape charges. Two weeks for the Fed sounds about right. The half-life of justice will be measured in seconds soon, and it could be the more definitive kind.
HFJ instead of HFT - I predict that will clear those pesky clogged court dockets in one fuckin hurry - Judge Dred
Anything below AAAA would be disappointing.
/sarc
Hmm... got in early on this one without even knowing/trying... just logged me right in! I'm still righteously outraged about this, however, just for street cred and all. :-)
In one sense the guy is lucky. Take your payout and head to Caseys Nirvina in Argentina. I would if i could. We are drowning in govt BS beyond belief, the feds gone wild, can only collapse into chaos
We are drowning in fraud. Until the fraud is excised from the system, the system will continue to fail despite all of the little tricks they try to pull out of a hat.
I suppose he should be glad he lived. He will get a healthy severance in return for silence or even supporting his own removal...like an apology for the accounting error.
More like "...former CEO of [aforementioned whistleblower] was also involved in the tragic car crash....
Here's Tom with the weather."
and the world and the government will keep spinning...
I guess what frustrates me the most is that companies are allowed to crap on loyal employees trying to do their job. Bunch of shit if you ask me. How much more of this will we take?
It's possible he knew he was getting sacked and the downgrade was just him giving the middle finger on his way out.... Possible?
Kill the messenger, never mind the message.
The message was dead on arrival. At least it was dead upon its arrival to the media's news desks. All I ever heard when this story broke was how S&P was wrong and how the US will always be good for its debts. They even trotted out the trusted old Alan Greenspan to remind us that the US can always print its way out of debt if it has to. Now, I'm not sure how printing your way out of over 14 trillion USD of debt makes you AAA, but if you listen to the media then it does. No one wants to hear the truth which is that there is no way to ever pay off the national debt. And subsequently what that actually means in real terms for the future of our national economy.
Hmmm...It stands to reason then, if US can print its way out of debt, then any country with a printing press is also AAA...Yipee kye AAA, mo**erfucker!!!
That's what's so stupid about Greenspan's (and many others') answer to the AAA. Honoring your debt and printing more unbacked money are actually an inherent contradiction. It is just one of many forms of default. Under those circumstances Zimbabwe is AAA, right? I want one of those $100T notes that repaid their debt.
technically you could if the USA goes apeshit and starts robbing nations and paying off the debt.. but why?? they can rob nations and keep the money for the elite and use the taxbase as endless justification of future debts to be paid
There are at least a couple nuclear powers which would not play along with that game forever.
Higher Gold and Silver prices are guaranteed by this action. I predict the historical repetition of this chart.
Was just about to make the same comment:
THIS is why precious metals will eventually spike up in price to an extent that leaves even the goldbugs gob-smacked. It's the complete lack of respect for truth shown by almost everyone in officialdom at every opportunity with special care taken to stomp out rare glimpses of reality offered by those who tell the truth for some reason.
I used to think Bernanke and the boyz were gonna sit tight pretending everything was OK and then casually announce a return to the gold standard at $7000 (or whatever price was convenient), but lately I lean more and more to the conclusion that these men will never let go until the standard of living of everyone is evicerated.
In the end, if we choose to allow it, they will starve us for one more week of pretending they have it under control.
true - i might start taking any loans possible and just buy gold/silver since 10% of the pile will pay 100% of the loans in a few years
I agree long term on the inflation view. I read carefully the inflation/deflation views and I've changed to 51% deflation in the short term. The summary reason is that our government is going wreck our economy and the world. Europe is wrecking it's own. That will mean the middle and upper middle class will get a severe ass-whooping economically creating deflationary depression. However, the need to default on all debt will cause governments and central banks to print/inflate beyond anything seen in a long time. The problem for inflation is that it needs to get into the general public and start increasing in velocity. Right now all the money goes to banks and financial houses and doesn't move. That is why it is likely they will end up owning everything in the world.
To use an analogy, it is like playing Monopoly and the Fed/Central Banks are giving all the new bullshit fiat-money to one favored player on the board (a bankster). The price of the properties will not really go up because only one player has the dough. That one player will use the fake/free/cheat money to buy all the other properties. This is known as stimulus/bail out/preventing a worse recession, etc. It's all a lie. It's why your neighbors are in foreclosure and Ferrari is having a record year. The banks should be foreclosed, the FDIC should have been making record payouts to you and me (who will foot the bill anyway) and lots and lots of rich financiers and bankers should have been bankrupt first. The good banks who didn't participate in the stupidity (US Bank, USAA, etc.) would have bought the assets for 10 cents on the dollar and now be in charge. However, you and I were SAVED from this outcome through bailouts. Thank God for George Bush, Obama and the Congress!
http://www.autoguide.com/auto-news/2011/07/ferrari-has-best-sales-6-months-of-sales-in-companys-history.html
wow. starting to look like the 5 year chart now...
http://www.kitco.com/LFgif/au00-pres.gif
LOL! Awesome!
Looks like someone squeezed the Sharma.
Looks like they squeezed the karma out of the sharma. Om shanti.
Hanged, drawn, and quartered ...
I vote yours the quote of the day, lol! Well done.
Does anyone here really believe that S&P lowered its rating without any coordination with TPTB whatsoever? This is theater, pure and simple.
Did S&P go off script then? Or are they going off script now? This is worse than Jersey Shore.
On the contrary, S&P is following the script. First downgrade, then get slapped on the wrist and find a scapegoat. There were vested interests in that downgrade.
Note how carefully all rating agencies were following the script back when they gave AAA to various MBS.
right, the Matrix is real - everything is scripted simulation. Except real theater which is totally real and impulsive
There are bloggers on this site that seriously talk about aliens coming and other improbable and out of this world nonsense, and who get positive feedback! Yet it is difficult for many to accept that a major decision like this is coordinated among parties. This is why the public is so easily manipulated into accepting the improbable and totally disregarding the obvious.
When banksters profit, anything is possible. I too believe the downgrade is part of the plan.
RIGHT ON RANDY. Kabuki theatre, policy shift, fuck we should be scared.
I think it's safe to assume that everything that happens at this level is planned. Doesn't TBTF mean centrally planned and controlled?
And now you know how to get to the top AND STAY THERE America. Of course it didn't help that the market did the exact opposite of what he wanted it too either. Still..the only ratings agency that still has cred downgraded us last month so go figure. Maybe it was the "Europe is just fine" twofer....NAAAAAAA.
Doesnt change the fact that the money center banks are still insolvent and the next POTUS will have to raise the debt ceiling by $5 or $6 trillion........
lead in 120 grain .308 denomination. Gold ain't the only pm
Don't be so cheap. 168 gr HPBT is much more appropriate if close, or 175 if not so close.
I can produce about 15 rounds a minute on my Dillon press. It's like minting currency.
Those are the presses that need to be working over time right now.
++ True dat!
The weapons are only a means to an end. The goal is free men, to create wealth, to be traded in free markets, and REAL money to keep score with. The road ahead will be hard. I ain't scared though. I got a FAL. a band saw and a TIG welder. Bring on the rodeo.
S&P Under New Management
Our Motto: "We Aim To Please"
Press Release: Doug Peterson, S&P's new President, announced a return to S&P's roots and promised to bring back the classic S&P. President Peterson ("pp" to friends) says S&P will bring back the "good old days" for our customers. S&P will accentuate the positive, eliminate the negative, and will not mess with Mister In-Between.
S&P announces a bold new initiatvee to win back our customers trust: the quadruple A rating. Drun roll please: S&P first AAAA ratings ratings go to Citigroup and Bank of America.
Link to the McGraw-Hill Board of Directors.
http://investor.mcgraw-hill.com/phoenix.zhtml?c=96562&p=irol-govboard
Thanks for the link---a rogues gallery of slime.
Can you say banana republic, this is exactly how one works. We are done, truly done.
I consider that a libel against the financial regulators in Congo and Botswana.
The more powerful the nation state, the more powerful the puppet master. Nations are for the most part all puppets for the oligarchs. They are tools just like economies and religions.
Remember Audrey Hepburn singing her 'no bananas' song in Sabrina. Just saying, to make the pill feel less bitter...Bananas are what the United Fruit Company was mainly involved in, in Gautemala, when the Dulles brothers decided to make it a true banana republic back in 1954 ( Democratically elected Guzman take- out caper by Allen Dulles's CIA). The Dulles bros. were shareholders of United fruity tooty, Chiquita. There you go, the ORIGINAL banana republic caper by US of A.
The ghost of Allen Dulles walks in McGraw-Hill...yikes!
Is there no limit to the amount of corruption? What's not to like about US govt bonds that return 1% in fiat dollars printed up at will? And where the yield is actively driven down by the government selling insurance on its own bonds?
This makes me angry, and afraid for all other dissenters out there.
F ing bastards.
or would this be "Rock beats Scissors"?
Thsi is really sick. Let the incest continue. We all know where all this inbreading will lead.
the Cahulawassee River?
http://www.youtube.com/verify_age?next_url=http%3A//www.youtube.com/watc...
He was a rating agency CEO. Should we expect honor amoung thieves?
OK Tyler. I disagree with you that gold is going to solve our problems (energy is first order problem), but you are one creative, funny, fella:
""Great service, AAA+++ rating, immediate payment, would do business again!!!""
I did laugh out loud at that...
2nd that!!
The energy problem is solved with Gold. Only people with physical Gold will be able to purchase it. This guarantees that current oil supplies are limitless.
LJS,
Don't forget to keep plugging your moniker - Ag. Should work well for all sorts of hydrocarbon purchases.
I missed that - had to go back, fucking hilarious!
Another day, another outrage.
+1 Yep. Just when I think it could not get any more blatant, they outdo themselves in rubbing our noses in their shit.
(I preferred it when you could actually leave a +1 to show appreciation instead of an anonymous vote up.)
Start digging.
Well, that was a refreshing interlude. Now back to regular programming.
If this were a script for a screenplay, it wouldn't sell. It's just too unbelievable.
Hey Rocky
Watch me pull a rabbit out of my hat
bizarre, how blatant everything is now
Oh please, he did his job and got his ticket out. A final task in the great project plan for the fiscal overlords.
You can't make this shit up people.
I agree...wait, they could've named Timmy tax-cheat Geithner as CEO, right? Yeah, it coulda been worse...just like the worse recession Obama saved us from.
Wonder what kind of "deal" Sharma got to keep his mouth shut about the rest of the S&P skeletons. http://www.youtube.com/watch?v=UceGF3M56bE
its sooo easy to get to the top in america. all you have to do is lie, cheat, steal from the public, completely throw all your beliefs to the wind, step on a childs head whilst drowning, club a baby seal, bomb/murder some poor people in a country that is rich with natural resources, tax your own citizens then give that money to the banks that collapsed the economy, be willing to spend trillions in fabricated wars, send thousands of young people to their deaths for no cause, get your country so indebted that they will never be able to pay it off, collapse your own currency to erase debt.....I AM FUCKING SICK OF THIS BULLSHIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So, what you're saying is, Buy Gold?
yes,physical
So, what you're saying is, Buy Gold and Silver? Fixed it.
welcome to the fight club amigo..................
oh man. we cry, these fuckin people, sometimes i drink myself unconscious , i canrt believe it, after every atrocity i say, well we cant exceed this.............................. oh really. FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK.
Looks like tonight's attempt at a PM raid is being met with strong bid: 18.7K vol on the Dec Gold and 19.7K vol on the Sep Silver: gold just under 1900 and silver around 43.45.
I keep listening for the faint beat of drums. The natives will eventually get restless...
Everything is gonna be just fine - until it ain't.
Got some news for everybody...
It's not OK.
It's a long fucking way from just OK.
It's about as fucking broke and dysfunctional as is possible.
The Nash Equilibrium is broken.
The system is, by definiton in disarray, failing.
We're there yet, now.
The looting is taking place in the open, with no one to stop it.
And there ain't a Gary Cooper a comin' ridin' into town on the horizon.
The whole fucking system's been bought.
I'm gettin' a bad feeling about this.
look at the financials and gold, the natives don't have to do shit with this one, just get out the way, the whole system is imploding, good companies will eventually decouple from the financials, it will take a while, but it will happen
Real curious (furious!) about this latest deal where we wake up to future prices of the indexes going green overnight, followed by declines during the day that close just shy of red. The indexes get guessed up overnight then the "gains" almost but not quite vanish by the closing bell. This is trumpeted in the headlines as "four weeks of losses wiped out". That's a real confidence booster.
first there was pay pal, now we have rating pal. fantastic.
.
here a collection of related links. always peace
.
Ekhart Tolle, not reacting to content, http://www.soundstrue.com
http://www.youtube.com/watch?v=UPg9DnMP2D4
.
speaking of gold and royal
redundancy.
.
and fiat funny here…
Spenditol
http://www.youtube.com/watch?v=dBoYYc1APr8
.
ps. your web site is much appreciated, thank you.
.
Eckhart Tolle, “The Current Economy”
http://www.youtube.com/watch?v=u-xmOsmZPlw&NR=1
.
Van Morrison – Enlightenment
http://www.youtube.com/watch?v=ayfLhc6xdjI
.
and my favorite.
Eva Cassidy – Fields of Gold
http://www.youtube.com/watch?v=ZGwDYBWEDSc
ratings schmatings...
America with all the warts, is the best of the worst, admit it and calm down, or move away.
Thanks.
Yep, kind of like being in the tail section of a plane during a crash is the best of the worst. Don't panic it's much safer there.
It's OK doc, they're natural cigarettes.
The old, "or move" routine, always good for a laugh. thanks for adding nothing.
How 'bout we take up a collection and ship you out instead? Best turd money can buy, indeed.
I hear they're gonna have the swearing-in ceremony ahead of next Monday's Mets game...
...roll out the TARP.
Where's Jack Ruby when you need 'em?
The customer is always right!
Maybe Anonymous will go after McGraw-Hill.....
Nice!
Wow it feels more and more like the U.S.S.A every day. They aren't even concerned about appearance any longer.
I see the all things special congressional group of 12 reaching a 40-year agreement to reduce the debt to GDP ratio to 105%, markets will cheer, S&P gives glowing vote of confidence, upgrades to AAA/Credit Watch Positive.
~Carry on people. Nothing to see here.
With 100 year bonds, too...that will be placed in the ironclad Social Security box at 0.5% interest.
wow, i mean, S&P was a fucking joke before, now, it's like you thought maybe they were going to start doing their job, and BAMM!, put a stop to that shit, unbelievable, truly unbelievable
it doesn't matter, S&P will be bankrupt within 2 years
Tue dat, randy kruger, true dat..
Mighty fine theater too!
Obama said that Warren said the US was really AAAA .......... what Warren wants Warren gets. I'm feeling a magnetic pull towards my nearest Dairy Queen ---- I'm craving Dilly Bars ....... lots of 'em.....................................halp.................
That BS quadruple A comment from the wizard of Omaha really gets my goat. Just goes to show how much credibility TPTB really give to any ratings firm (even the ones they own).
Back in the day of the subprime crisis, Thornburg mortgage coined a new term for their over leveraged loan portfolio - they called it "superprime", even better than prime. SSDD.
Buffett will go the same way as Thornburg did eventually, financial dinosaur.
Double-plus prime.
...in the nest of the Coo Coo Bird Standards R Poor http://www.youtube.com/watch?v=cSCzWX6CWkA
Turd world country bitchez!
So what does this say about Citigroup? COO wants out to a smaller organization which will be splitting in two, maybe 4 and getting much smaller in the process. Is he in charge of the ratings agency with direct instructions to raise all of Citi's ratings?
Maybe what it means is that he thinks S&P will be around longer than Citigroup!
Good grief. You can't make this shit up! Welcome to Amerika!
Oh NO FUCKING WAY!!! - This is totally made up BS Tyler - you're just pulling our chains! Pretty darn funny though! I'm going to go check this one out at one of those urban legends sites or something - I think you may have gotten fooled too! Wouldn't that be funny! Tyler getting fooled. Hmmmm....Oh wait ...it's actually the truth....wow. Amazing. Pretty obvious string pulling here. Brazen might be a more appropriate word. To tell you guys the actual truth - we are literally weeks away from people 'disappearing'. I hope you have a nice Glock Tyler - you may need it. I would suggest a .45 - you can get a 30 round clip for it.
pistols are badges of rank for soldiers and toys for civilians, rifles are weapons.
Oh I have plenty of those also.
Oh I have plenty of those also.
Those clips are so big it is hard to carry the gun. Not realistic advice.
I feel really conflicted about posters like you. I would fight for your right for free speech. Meanwhile with a screen name like yours, and the gun talk, you hand them ammunition to brand this site as marginal and a place where dangerous people hang out plotting bad stuff. We all become branded as nut jobs.
You have a right to be this angry, I am and I own it. But this does not help Tyler and ZH. I am not trying to censor you, just make you aware.
Sorry - but you misunderstand my post - and if others do then I want to be straight - I'm not condoning violence AT ALL - see my other post about that Kennedy mess - it was bad. My 'screen name' is related to hunting, deer mostly. I'm suggesting that we SHOULD be prepared to defend ourselves for the potential social chaos that could be a result of the failure of our economic system. I am a volunteer fireman, a Boy Scout leader, and an ex mortgage banker (yeah - I know - I left in 2005 when I saw the writing on the wall) with an MBA and am truly concerned for the safety of our citizens, especially after witnessing the opportunistic rioting in London. I, however, live in the middle of this country, far from a city, and at this point am hopefully looking forward to just a long economic depression as a best case scenario. Sort of a 'slow crash landing' - somewhat along the lines of Argentina. But, let's face it, the US has a lot more weapons in play per capita than any other country save Afghanistan - so if people already on the edge suddenly have nothing to lose - what's going to happen? No - I'm all about defensive strategy man - not offensive tactics - much less dangerous for one thing. And it's not too hard to carry it if you are just defending yourself in your home - or get one of those neato rifle kits for it.
They're pulling a "Who's the Master?" trick....beware!!!
http://www.youtube.com/watch?v=PWVhiIisH30
This is "hope" and "change" at its finest!
Shit like this just ensures that when the SHTF, no one will see it coming. Every possible window to the truth is being turned opaque, one by one at an accelerating pace.
Of course, this is also a sign of politics and bankers under pressure.
It's hitting the fan as you watch. What the hell do you think is happening? It's grand theft country for Christ's sakes, with nobody to stop it. The Barbarians are in Charge.
It's happening real time, NOW.
Grand Theft Country.
SJGR.
I was actually looking for the punchline (from the Onion or something) - holy s**t - really can't make this stuff up.
This is really very sad....and do you suppose that any in the MSM will follow up on this news? There is now so much blatant, lying and collusion occurring that it is hard to believe that the house of cards has not tumbled. I guess it is pretty well understood by those in power that, in order to get away with just about anything, all you need is 10-20% of the population to back you, another 30-40% that are ignorant sans 'Idiocracy', and another apathetic 10-15%. There is also a lot of fear mixed in with most of the remaining populace to keep them under control. There are some of us that are asking- how this could happen? But, we already know the answer.
now you know how adolf hitler came into power........just keep watching my friends.
As a serious student of modern history, I've made that statement numerous times. Much to my detriment. Nobody wants to hear it.
People demand their free right to remain in abject denial.
There are so many lies, if I am a journalist who wants to do the right thing, it is really hard to keep up.
you still around?
The United States of America Bananna Republic Zimbabwe Ponzi Enronica.
I nominiate Lloyd Doing God's Work Soon to be indicted? for president.
Come on USA, grow a pair of... u know what, forget it. You are a lost cause.
Oh yeah! Keep pushing and we may just issue a strongly worded statement!
Just when you thought we couldn't sink any lower... surprise!
Certainly does not help the appearance of US government harassment, nor S&P's independence. Just shows how low the White House will stoop, and how angry the President is that someone called his baloney. Sheesh.
McCarthyISM, TSA says white people the biggest threat (s&p CEO ),
Govt retrabrution has begun. Do your taxes correct and on time or you too will be govfucked
I've had my trades audited by the IRS as a result of posts here I am sure.
All was correct but I view it has a warning shot.
Indian should fix their own messy country first.. not come here to downgrade US ...WTF?
actually i view this as a transparent move which illustrates how decimated the system is. the fact that the US was downgraded was and is enough to help faciliate the upcoming crash. and she is creaking and swaying as i type this and will keel over in no time.....
Who is John Gault?
Hey Devon, I worked with you before S&P, you did the right thing!
I owe you a fine bottle of wine
SE
yep! the guy definitely haZapair0'nads; and, he spoke the truth to power; and, he lost his "j-o-b"! let's buy him a case!
he just may have saved everybody's bacon. and his "board" may have done the right thing, too, here...
...many, many years ago, i was "working" part-time, for min wage at a non-profit that attempted to serve the homeless in the community. another guy was there this day, a dude who has spent years studying in india after bailing out of the jesuit priesthood, just before ordination. i had also "studied" under his "mentor" for a few months, years before, as it turns out, b/c a guy dosed me with a huge joint of acapulco gold, unheard of, even in the 70's, and i couldn't even find where i had an appointment; i was panicking, sweating like a pig, smelling like a goat, and i opened the totally wrong door, was sized up by this priest, jesuitically, who then asks me if i wld like to join his "class"! and my life has never been the same, btw. hey! the guy had The Juice and shit happens, too! damned drugs! so we meet each other, years later, and discover we both worked under the same teacher! who coulda known? and i'm not even catholic, i don't think. never have been, either
so this idiot and slewie are telling each other amazing lies, and the woman in charge appears and announces: i'm fasting! it's yom kippur!
silence. so i get uncomfortable and say: oh! that's the day of atonement when the levitical priests would "put" the sins of the tribe on a really nice goat and cast it into the wilderness, never to return. she looks at me like i'm outa my mind and sez: slewie, you are outa yer mind! again! i've been bah mitzvah'd and schooled, extensively, by rabbis, and if that were true, doncha think i would know about it? huh?
so, we two dudes just look at each other and roll our eyes, b/c she is an absolutely fabulous saint of a woman who did this shit, basically, all the time, and we just loved her, anyway, b/c wtf, why not?
so after we convince her she is absolutely right, she goes off to more important things, and we end up rofl-ing our styooopid biblical heads off, together
scapegoat, BiCheZ! atonement! yay!
How long before America gets back it's AAA?
good question...The market already says US is AAA+..rate under 2%
that would be a good poll question
http://www.cbsnews.com/stories/2011/08/18/eveningnews/main20094323.shtml
Was unavoidable. S&P is paid by clients and it lost a lot of clients because of the downgrade... why would you pay a company to do you a downgrade. Just hire Obama.
Actually, good companies would hire you. It's sort of like being Simon on American Idol. You're the tough one, even a butthead at times but yours is the opinion everyone really wants.
Such action by TPTB only reinforces what I, and after reading these comments, what most of you already believed is going on. It literally makes me sick to think that from now on, it will be impossible to support this government on any level. I loved my country and the constitution that made it great, but that country is no more.
Agreed, but show me a viable alternative. There's nowhere left to go.
whereever u go there u are
The hits keep on coming for "hopey" and "changey".
http://www.nytimes.com/2011/08/22/business/schneiderman-is-said-to-face-...
I'm sure the District Attorney of NY will think twice before ever seeking the truth ever again.
And that $174 billion is the real bogey of Bank of America is looking at. Thank you, Mellon, for so graciously brokering a deal for your buddies at BofA to get off paying only a fraction of their liability for the security holders that you don't represent. Maybe someone should investigate Mellon for criminal fraud for misreprsenting themselves in this case... Just saying.
[Sorry if you've already covered this, ZH. One can only read so many of your posts while attempting to hold down a bullshit job.]
This should be on Drudge...
CRIME PAYZ BITCHEZ!!!!!!
Yep...guess what? They are going to say he (the CEO of S&P) made a clandestine call to Blankfein about the downgrade before the fact. Kill two birds with one stone.
even when i am on my deathbed, i will not utter the words i have seen it all........but this is tops !
Status Quo you can believe in!