Say, excuse me for asking a stupid question, but on that warning you just made..
Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to a default.
The Aaa ratings of financial institutions directly linked to the U.S. government, including Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Federal Farm Credit Banks, were also put on review for cuts, Moody’s said in a statement today.
Weren’t you the same people who were giving top rating to mortgage backed securities under pressure from Goldman Sachs and JP Morgan to hurry up so they could sell them as fast as possible? Say, doesn't that make you a major stake holder for the state of the US (and world) economy right now?
BLOW ME.
We have more important things to decide here.
Call us later, you corrupt cretins.
By the way Barry, are you happy now you said that about not sending the old folks and the disabled their check in 3 weeks? THIS IS GOING TO BACKFIRE, you fool. You may be an amateur, but the office you clearly don’t like requires the thought patterns of a professional.
- Breaking……….Moody’s Places U.S. On Review For Downgrade As Debt Talks Stall(annem040359.wordpress.com)
- U.S. Put On Review For Possible Rating Downgrade (huffingtonpost.com)
- Moody’s reviewing U.S. bond rating for downgrade (cbsnews.com)
2 comments:
By the way Barry, are you happy now you said that about not sending the old folks and the disabled their check in 3 weeks? THIS IS GOING TO BACKFIRE, you fool.
As I said before, let the checks not go out. That failure will destroy Obama's chances for reelection.
The rating agencies were late to the game on the sub-prime and Enron fiascos as well. The only reason they have any credibility is that they are the only game in town and the three major rating agencies generally march in lock step. If one, say Moodys, goes one direction; then it is not long until S&P and Fitch follow.
The bottom line is that they are run by a bunch of people who do not really know what they are talking about.
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