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| The other shoe drops: Byebye American AAA (822913) | |
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| (822933) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by ClearAspect on Fri Aug 5 20:15:41 2011, in response to The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 18:28:40 2011. NOT YET! S&P were using bad numbers, the US scrambled and pointed it out, we're still waiting on what will happen! |
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| (822934) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SelkirkTMO on Fri Aug 5 20:29:08 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by ClearAspect on Fri Aug 5 20:15:41 2011. Nah ... couldn't be ... those are the same ratings agencies that "bought more house than they could afford" ... well ... banks moved on the story before close of business today, should be quite interesting to see how much damage they did.Kinda sad that Obama knows more about math than the bankers. But then that ain't news either. :) |
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| (822935) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SMAZ on Fri Aug 5 20:29:55 2011, in response to The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 18:28:40 2011. About fucking time.meanwhile: Allegations Against Italy Analysts 'Entirely Founded' Published: Friday, 5 Aug 2011 By: Catherine Boyle, Staff Writer and Vittoria Pirone, Associate Producer, CNBC The big ratings agencies have been blamed for much during the credit crisis, but they hadn't been raided by any of the countries they've threatened with downgrades, until Wednesday. Now three Standard & Poor's analysts and one from Moody's are under investigation by Italian police. Prosecutor Michele Ruggiero, from the small Italian town of Trani, told CNBC that the four were being investigated. Legal representatives at the agencies' Milan office, while they are not held directly responsible, need to be added to the probe according to Italian law. "The probe was initiated by very specific complaints by consumer groups," Ruggiero told CNBC. "Following complaints, prosecutors held consultations with government officials including Finance Minister Tremonti, who all distance themselves from rating actions and warnings by agencies, saying that their judgment does not reflect the fundamentals of the Italian economy." He personally believes that the allegations are "entirely founded." As under-fire Italian Prime Minister Silvio Berlusconi prepared to address his parliament about the state of the nation's economy on Wednesday, Italian police raided the Milan offices of Moody's and Standard & Poor's. The raid came as both agencies pondered a further downgrade of Italy's sovereign debt after concerns about the country's debt-to-GDP ratio, the second highest in the euro zone after Greece. It is in increasing danger of being lumped in with Greece, Spain, Ireland and the other euro zone economies perceived as vulnerable. Italian market regulator Consob has been asked to provide documents relating to the credit agencies' Italian registration. S&P said it believed the probe was "groundless" in a statement. "We strongly defend our work, our reputation and that of our analysts," it added. Rival Moody's said it "takes its responsibilities surrounding the dissemination of market sensitive information very seriously and is cooperating with the authorities." Both agencies have raised concerns about Italy's debt and its exposure to contagion from the crisis in Greece. In contrast, Fitch Ratings, said last month that Italy's austerity package would help stabilize the economy. The current investigation came after consumer groups objected to the agencies warning that they were considering downgrading Italian sovereign debt. The Moody's analyst is being investigated over events in May 2010, while the S&P analysts' actions between 20 and 23 May 2011 and beginning of July 2011 are being probed. Elio Lannutti, president of Adusbef, one of the consumer groups that sparked the inquiry, said: "The three 'sisters' – Standard & Poor's, Moody's and Fitch – are an erratic danger to state sovereignty in the areas of economics and finance". Several mass selloffs on the Italian stock market in the past month show how shaky Italy's international reputation is at the moment. Berlusconi insisted in his speech on Wednesday, after Italy was targeted by so-called "bond vigilantes" who drove yields on its bonds above the critical 6 percent level, that the country, one of the world's largest economies, is "economically and financially solid." Despite this, speculation that the European Central Bank may have to intervene to help out Italy continues. The country's size makes it both more important to the euro zone, and harder to bail out, than a smaller player like Greece or Ireland. © 2011 CNBC.com |
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| (822941) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SelkirkTMO on Fri Aug 5 20:38:04 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by ClearAspect on Fri Aug 5 20:15:41 2011. This just in ...THEY DID IT ANYWAY. |
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| (822942) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Fri Aug 5 20:41:14 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SMAZ on Fri Aug 5 20:29:55 2011. And word now is that we have joined Italy in equal status. Could have been avoided, but we elected teabaggers. Bend over, conservatives. |
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| (822948) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by ClearAspect on Fri Aug 5 20:48:31 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by SelkirkTMO on Fri Aug 5 20:38:04 2011. I dispise the ratings systems, it really is counter productive. A negative rating makes it harder to get good rates which in turn makes it more difficult to get out of any mess you may be in. However this might be the wake up call the GOP needs to accept more radical cuts or raising revenue with tax increases. If the US just invested 2 trillion into infrastructure repair it would result in millions of new jobs as the US gives itself the infrastructure for the 21st century to compete with other nations and the construction would boost the economy with the new jobs created. With the new jobs and perhaps a tax increase that 2.1 trillion could pay itself off rather quickly.also the US should take over the building of telecommunication lines and fiber optic lines and then lease them to companies so that there are more companies and then in turn lower prices to the consumer. The US needs to take the lead again. Right now I understand the need to cut spending but to get out of this mess, we need to spend and get our country in a competitive position. |
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| (822953) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SelkirkTMO on Fri Aug 5 20:54:28 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by ClearAspect on Fri Aug 5 20:48:31 2011. I think it's too late for any of that now. Before deciding today, they went back to Boner and turtleman to see if there was any hope of stimulus and tax hikes to fix the problem. The resounding "NO!" from the GOP was the final straw for S&P. And the drop to AA+ isn't the end, they slapped a negative on that as well which puts us automatically into another downgrade as soom as the bozos come back from their vacation to put America through more of the same.Meanwhile, the shitstains known as republicans are blaming Obama and calling him Carter. And Wall Street hadn't programmed this into their dump this past week so byebye 401k and up goes your mortgage. And the repulitards will cheer and point at everybody else since the "party of responsibility" never was nor will be. KRUGMAN was right. Again. :( |
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| (822954) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by salaamallah@hotmail.com on Fri Aug 5 20:54:39 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 20:41:14 2011. IAWTP |
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| (822961) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Fri Aug 5 21:03:11 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by salaamallah@hotmail.com on Fri Aug 5 20:54:39 2011. We knew this was coming and we cashed out a couple of weeks ago. We're safely "off the grid" and owe zero. This is going to be interesting to watch as the republicans face their makers. :) |
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| (822967) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SMAZ on Fri Aug 5 21:16:29 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by SelkirkTMO on Fri Aug 5 20:54:28 2011. KRUGMAN was right. Again. :(So was SMAZ. and here |
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| (822979) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SelkirkTMO on Fri Aug 5 21:31:16 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by SMAZ on Fri Aug 5 21:16:29 2011. Commies! Socialistas all! :-\Ah well ... at least the banks will come out of this stronger. We're now officially weaker than Britain, France, Germany and many other nations and on a par with Italy. And in the NEXT downgrade, we go to Greek status. Yay, righties ... helluva job, Brownie. Keep them tax cuts coming! I'm so glad that we bailed when we did ... those who didn't are in for one serious world of hurt. Our parents lived through the last republican dream and warned us what was coming. |
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| (822983) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SMAZ on Fri Aug 5 21:33:59 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by SelkirkTMO on Fri Aug 5 21:31:16 2011. I'm so glad that we bailed when we did ...Hopefully it was converted in German and Swiss stuff. |
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| (822986) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by salaamallah@hotmail.com on Fri Aug 5 21:35:46 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 21:03:11 2011. they wont admit anything |
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| (822990) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SelkirkTMO on Fri Aug 5 21:38:14 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by SMAZ on Fri Aug 5 21:33:59 2011. German until a couple of days ago, we rode out last night with the Japanese. Fortunately we didn't leap to Australia or we would have fallen back a bit. We're good. EU has another round of stupid coming so Brazil is probably the next stop though Japan seems to have parried VERY well so we might stay there for a while. |
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| (822994) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Fri Aug 5 21:44:22 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by salaamallah@hotmail.com on Fri Aug 5 21:35:46 2011. Let's see how well they can repress their screams when they see their credit card bills. :) |
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| (822995) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by salaamallah@hotmail.com on Fri Aug 5 21:44:40 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 21:44:22 2011. ayeppa |
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| (823002) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by G1Ravage on Fri Aug 5 22:44:42 2011, in response to The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 18:28:40 2011. This country is doomed. We're leaving our children a horrible future. |
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| (823003) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Fri Aug 5 22:54:08 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by G1Ravage on Fri Aug 5 22:44:42 2011. That's what bothers me the most ... :( |
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| (823006) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Spider-Pig on Fri Aug 5 23:23:57 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by G1Ravage on Fri Aug 5 22:44:42 2011. We should shit on their graves when the time comes. |
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| (823008) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Fri Aug 5 23:31:29 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Spider-Pig on Fri Aug 5 23:23:57 2011. Why wait? They're snickering about it right now and think it's just fine as long as they can blame it on the knee-grow. :( |
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| (823010) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by The Flxible Neofan on Fri Aug 5 23:42:51 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by G1Ravage on Fri Aug 5 22:44:42 2011. IAWTP :( |
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| (823014) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by AEM-7AC #901 on Fri Aug 5 23:53:51 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by SelkirkTMO on Fri Aug 5 21:38:14 2011. Are we playing FOREX in lieu of improving our software? |
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| (823015) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by SelkirkTMO on Fri Aug 5 23:56:42 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by AEM-7AC #901 on Fri Aug 5 23:53:51 2011. Heh. Actually, the timing of all this stupid fell outside of the development cycle, so no effect on us there. The next kernel revision of BSD is about to start its annual beta cycle, so had this happened at the end of this month it would have been a different story. Timeline is to start our own beta cycle in October, release in December as is usually the case.And no, don't believe in FOREX - we have people that do that and our money lady is MOST skilled. :) |
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| (823018) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by RockParkMan on Sat Aug 6 00:13:34 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by G1Ravage on Fri Aug 5 22:44:42 2011. Thank Milton Friedman. |
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| (823021) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Sat Aug 6 00:24:29 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by RockParkMan on Sat Aug 6 00:13:34 2011. Grover Norquist in particular. :( |
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| (823024) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Train Dude on Sat Aug 6 00:30:54 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Fri Aug 5 22:54:08 2011. BULLSHIT. You couldn't be happier. Look how pleased you are sounding that people's ARMs will jump while their 401Ks will fall. |
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| (823025) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Train Dude on Sat Aug 6 00:31:52 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Spider-Pig on Fri Aug 5 23:23:57 2011. Won't obama's grave be protected in perpetuity |
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| (823028) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Sat Aug 6 00:33:19 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Train Dude on Sat Aug 6 00:30:54 2011. You BET I am ... THIS time you republicans DIDN'T fuck us. The thought of watching you teabaggers cleaning windshields on the Major Deegan makes me stiff. :) |
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| (823032) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Train Dude on Sat Aug 6 00:37:56 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Sat Aug 6 00:33:19 2011. Not to worry. 1/2 my pension covers all my monthly expenses. 401K will come back long before I need anything from it. Does my heart good to know that all you liberal douchebaggers will be supporting me & my family from now on |
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| (823037) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Sat Aug 6 00:45:17 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Train Dude on Sat Aug 6 00:37:56 2011. Heh. Your medical bills will fix that. Shoulda gone for the single-payer while you could - that would have prevented this alone. |
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| (823039) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Train Dude on Sat Aug 6 00:46:38 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Sat Aug 6 00:45:17 2011. You're in the same boat. The only difference is that we're up in first class and you are sailing "steerage". |
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| (823041) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Sat Aug 6 00:48:46 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Train Dude on Sat Aug 6 00:46:38 2011. Heh. Nah ... I'm playing it close to the vest but rest assured that unlike yourself, I won't be paying medical bills at all soon. :)You're right about the boat though ... and awwwww ... no dinghies left for you. Heh. |
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| (823043) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Train Dude on Sat Aug 6 00:51:32 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Sat Aug 6 00:48:46 2011. Just the attitude that I'm talking about. |
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| (823045) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Sat Aug 6 00:56:30 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Train Dude on Sat Aug 6 00:51:32 2011. Dewd ... you haven't been paying attention at all. I'm merely a mirror. Who was it came rip-roaring stomping at my ass tonight? I didn't survive growing up in the Bronx without throwing better punches. Watch and learn ... |
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| (823047) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Train Dude on Sat Aug 6 01:10:41 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SelkirkTMO on Sat Aug 6 00:56:30 2011. I grew up in Brownsville and didn't worry about throwing punches. We always brought something to the party. |
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| (823049) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by SelkirkTMO on Sat Aug 6 01:15:29 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by Train Dude on Sat Aug 6 01:10:41 2011. Wow ... we're SO impressed. I didn't have to bring anything to the party other than myself. Pennsylvania Avenue, Riverdale Avenue (BK) and the Betsy Head pool. Wow. I'm impressed. :) |
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| (823093) | |
Re: The other shoe drops: Byebye American AAA.. NOT YET! |
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Posted by Kew Gardens Teleport on Sat Aug 6 07:02:39 2011, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by ClearAspect on Fri Aug 5 20:48:31 2011. I dispise the ratings systems, it really is counter productive.I agree with this much of your post. Such companies only spread false rumors, whether they be ridiculously positive about a mortgage-based security not being a crock of shit or ridiculously negative about the USA. We don't need them to tell us the Greek economy is in a mess: any idiot can see that. All these credit rumor agencies achieve is to cause complacency and panic. They are a blight on the economy and should be made illegal. |
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| (823094) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by Kew Gardens Teleport on Sat Aug 6 07:04:39 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by SMAZ on Fri Aug 5 20:29:55 2011. Good on Italy. Give it to the rumormongers. |
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| (823213) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by WMATAGMOAGH on Sat Aug 6 15:31:41 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by G1Ravage on Fri Aug 5 22:44:42 2011. Maybe it is time to claim one of those other passports I'm entitled to and make it even easier to work abroad, I've been thinking about it a lot more in the past few weeks. Thankfully I have these sorts of options... |
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| (823220) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by cortelyounext on Sat Aug 6 15:49:03 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by WMATAGMOAGH on Sat Aug 6 15:31:41 2011. I'm sorry but you gave me little choice - I do not take any pleasure whatsoever in this post. Please accept my heartfelt apology and I hope you will take at least some comfort in the knowledge that your slot on the List of Aviators is secure at least through FY 2011. |
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| (823225) | |
Re: The other shoe drops: Byebye American AAA |
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Posted by WMATAGMOAGH on Sat Aug 6 16:00:13 2011, in response to Re: The other shoe drops: Byebye American AAA, posted by cortelyounext on Sat Aug 6 15:49:03 2011. Why are you posting this/what am I missing?I'm glad to at least know some things in life (my spot on the aviation list) are certain, at least for a little while. |
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| (2045288) | |
Re: The other shoe drops: Bye-bye American AAA…NOT YET! |
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Posted by Olog-hai on Thu Sep 10 14:03:15 2026, in response to Re: The other shoe drops: Byebye American AAA.. NOT YET!, posted by ClearAspect on Fri Aug 5 20:15:41 2011. Heh; found a post of yours I agree with. |
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