The Glade 4.0

http://www.businessinsider.com/moodys-w ... ng-2009-10

Here we go. The rollercoaster is gonna get fun!

_________________
"...but there exists also in the human heart a depraved taste for equality, which impels the weak to attempt to lower the powerful to their own level and reduces men to prefer equality in slavery to inequality with freedom." - De Tocqueville

We are not!

Ohh, Moodys.

Well, they can do that.

It will get interesting.

_________________
The U. S. Constitution doesn't guarantee happiness, only the pursuit of it. You have to catch up with it yourself. B. Franklin

"A mind needs books like a sword needs a whetstone." -- Tyrion Lannister, A Game of Thrones

Why can't I type right?

_________________
"...but there exists also in the human heart a depraved taste for equality, which impels the weak to attempt to lower the powerful to their own level and reduces men to prefer equality in slavery to inequality with freedom." - De Tocqueville

Micheal, Lenas, Talya and DFK have all done us a huge favor. Cutting our credit rating is the first step to addressing the current global economic imbalances.

_________________
"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

As a group, we have agreed to not take credit for another's work.

Congratualtions Moobot for your part in the International Collective of Kinetically Inert Economists, (ICKIE) engineering their part in this stunning fiscal move.

_________________
The U. S. Constitution doesn't guarantee happiness, only the pursuit of it. You have to catch up with it yourself. B. Franklin

"A mind needs books like a sword needs a whetstone." -- Tyrion Lannister, A Game of Thrones

[09:52] <Tomoya> Moobot, did you threaten to lower the United States credit rating?
[09:52] <Moobot> yes but i wish i'd gone spatula-snorting =D

_________________

LMAO @ moobot

_________________
Darksiege
Traveller, Calé, Whisperer
Lead me not into temptation; for I know a shortcut

Thankfully he did not give into the spatula-snorting habit. I think it's foolish to expect that our Congressional and Executive leaders be capable of the same amount of work.

_________________
"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

Now Moodys finally decides to get scruples. That or Obama's lackeys refused to pay them off to keep the AAA rating. Maybe we should head over to S&Ps and get a better deal. Or maybe they will hold this over the heads of the American populace to influence administration change in the next election?

(In case it isn't obvious, I place a significant amount of blame for the current financial situation on the bond raters. Negligent at best, dishonest at worst, unethical scum)

Moody's and S&P are a crock of **** anyway. They branded subprime derivative investment instruments as AAA.

Let's not forget what AAA means. It is the sovereign debt equal to the best credit-quality governments. If a freaking government which can lay taxes to generate revenue to pay back obligations is not guarunteed a AAA rating, what worth do you give a AAA rating from an organization if it is issued to subprime derivatives??

_________________
"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones

What Raf said.

_________________


It feels like all the people who want limited government really just want government limited to Republicans.
---The Daily Show

However, they are private companies; they have no obligations to make "good" ratings. By the same token, no one has an obligation to use their ratings. The problem solves itself, but not when people insist on ratings that reflect what they want, rather than what is true.

_________________
"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones