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Author Topic: USA Credit Rating DOWNGRADED!! (For the 1st time.. EVER)  (Read 2735 times)
TheBitMan
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August 06, 2011, 01:24:37 AM
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http://finance.yahoo.com/news/SampP-downgrades-US-credit-apf-2107320979.html
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August 06, 2011, 01:27:53 AM
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Interesting, honestly i didn't expect they would get downgraded out of self interest.

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August 06, 2011, 01:29:24 AM
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Now the US will bribe them to raise their credit rating to an AAA, and fall deeper into debt.  Cool

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August 06, 2011, 01:34:57 AM
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Gonna grab some popcorn and go read huffpost comments.
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August 06, 2011, 01:39:45 AM
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Apparently people who want to limit government spending are now officially domestic terrorists.
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August 06, 2011, 01:40:48 AM
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So I guess people still tune in to the theatrics that is politics. I stopped paying attention a long time ago when I realized it was all just a show to keep people staring at the fire and not the real issues.
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August 06, 2011, 01:48:01 AM
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Interesting, honestly i didn't expect they would get downgraded out of self interest.

Self interest for whom? You realize that all this means is that the government will be giving more money to the banks in interest.

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August 06, 2011, 01:48:50 AM
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Credit agencies should be shutdown because people don't like their opinion. They should probably be tried for treason as well.
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August 06, 2011, 01:50:12 AM
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Is this the same company that rated all those bad home loans AAA?
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August 06, 2011, 01:53:50 AM
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Is this the same company that rated all those bad home loans AAA?

That was Moody's... Which kept the Aaa rating.

Cheers,
Kermee

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August 06, 2011, 01:54:08 AM
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Yo dawg, I heard you liked trading volatility, so I wrote an option, on your ETF, that's backed by futures, written on an index, whose value is derived from options, on stocks, within another index.

Seriously though, it exists. http://finance.yahoo.com/q?s=VIXY

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August 06, 2011, 02:09:40 AM
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Is this the same company that rated all those bad home loans AAA?

That was Moody's... Which kept the Aaa rating.

Cheers,
Kermee

Both companies rated bad come loans as much better then they were.  So yes, it is the same company.

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August 06, 2011, 02:11:39 AM
 #13

PAY NO ATTENTION TO THOSE PEOPLE BEHIND THE CURTAIN!

Now go watch American Idol and Dancing with the Tards.

We Will Take care of you..............

Sleep

Sleep

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August 06, 2011, 02:15:47 AM
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First of all all 3 ratings agencies violated the law when that where publicly speculating during the debt-ceiling kabuki theater. The law prohibits them from giving a rating until they have done an analysis. Pretty hard to do an analysis when you don't know what the final legislation is going to be.

Secondly, mortgage backed securities where rated AAA ...how did that where out? Some AAA MBS experienced 80% default rates within 90 days of being given that rating!


Their corporate charters should be revoked.
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August 06, 2011, 03:39:23 AM
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Bullish for Bitcoin.

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August 06, 2011, 04:01:24 AM
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First of all all 3 ratings agencies violated the law when that where publicly speculating during the debt-ceiling kabuki theater. The law prohibits them from giving a rating until they have done an analysis. Pretty hard to do an analysis when you don't know what the final legislation is going to be.

Secondly, mortgage backed securities where rated AAA ...how did that where out? Some AAA MBS experienced 80% default rates within 90 days of being given that rating!


Their corporate charters should be revoked.

WERE.  Repeat after me.  WERE.  Not where.


Sorry, I usually don't go anal on people for spelling but I seriously felt like I had gone full retard trying to read your post.
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August 06, 2011, 04:08:11 AM
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Time to buy some bitcoins with my $50 US bond...

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August 06, 2011, 04:16:28 AM
 #18

I truly was not expecting this. It would be interesting to understand the politics behind the move.
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August 06, 2011, 04:26:35 AM
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First of all all 3 ratings agencies violated the law when that where publicly speculating during the debt-ceiling kabuki theater. The law prohibits them from giving a rating until they have done an analysis. Pretty hard to do an analysis when you don't know what the final legislation is going to be.

Secondly, mortgage backed securities where rated AAA ...how did that where out? Some AAA MBS experienced 80% default rates within 90 days of being given that rating!


Their corporate charters should be revoked.

WERE.  Repeat after me.  WERE.  Not where.


Sorry, I usually don't go anal on people for spelling but I seriously felt like I had gone full retard trying to read your post.

You can't help if you are non-native and using language with idiotic and archaic spelling system...


How well do you expect current goverment to handle this issues with theater we saw last weeks, utter carelessness about country and just thinking thinks would go on like they have...

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August 06, 2011, 05:18:13 AM
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First of all all 3 ratings agencies violated the law when that where publicly speculating during the debt-ceiling kabuki theater. The law prohibits them from giving a rating until they have done an analysis. Pretty hard to do an analysis when you don't know what the final legislation is going to be.

Secondly, mortgage backed securities where rated AAA ...how did that where out? Some AAA MBS experienced 80% default rates within 90 days of being given that rating!


Their corporate charters should be revoked.

WERE.  Repeat after me.  WERE.  Not where.


Sorry, I usually don't go anal on people for spelling but I seriously felt like I had gone full retard trying to read your post.

You can't help if you are non-native and using language with idiotic and archaic spelling system...


How well do you expect current goverment to handle this issues with theater we saw last weeks, utter carelessness about country and just thinking thinks would go on like they have...
Our English in America is very modern...

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