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| Moddys to cut America's AAA debt rating. https://gladerebooted.net/viewtopic.php?f=8&t=627 |
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| Author: | Elmarnieh [ Thu Oct 22, 2009 9:35 pm ] |
| Post subject: | Moddys to cut America's AAA debt rating. |
http://www.businessinsider.com/moodys-w ... ng-2009-10 Here we go. The rollercoaster is gonna get fun! |
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| Author: | Micheal [ Thu Oct 22, 2009 9:43 pm ] |
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We are not! Ohh, Moodys. Well, they can do that. It will get interesting. |
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| Author: | Elmarnieh [ Thu Oct 22, 2009 9:44 pm ] |
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Why can't I type right? |
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| Author: | Rafael [ Fri Oct 23, 2009 6:58 am ] |
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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. |
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| Author: | Micheal [ Fri Oct 23, 2009 9:19 am ] |
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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. |
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| Author: | Mookhow [ Fri Oct 23, 2009 9:53 am ] |
| Post subject: | Re: Moddys to cut America's AAA debt rating. |
[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 |
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| Author: | darksiege [ Fri Oct 23, 2009 10:35 am ] |
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LMAO @ moobot |
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| Author: | Rafael [ Fri Oct 23, 2009 12:17 pm ] |
| Post subject: | |
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. |
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| Author: | Lonedar [ Fri Oct 23, 2009 1:08 pm ] |
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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) |
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| Author: | Rafael [ Fri Oct 23, 2009 1:38 pm ] |
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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?? |
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| Author: | Monte [ Sat Oct 24, 2009 8:56 am ] |
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What Raf said. |
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| Author: | Rafael [ Sat Oct 24, 2009 11:58 am ] |
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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. |
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