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BS: Holy AA+ Batman

05 Aug 11 - 10:57 PM (#3202452)
Subject: BS: Holy AA+ Batman
From: Jack the Sailor

Thanks Tea Party Republicans!

Lower debt rating,

Of course Standard an Poors is to be trusted. They did such a good job on the Housing market and they only shortchanged the United States by 2 trillion when calculating this turd.


05 Aug 11 - 11:05 PM (#3202454)
Subject: RE: BS: Holy AA+ Batman
From: Rapparee

Moody's left the rating at AAA, but is watching and waiting.


06 Aug 11 - 09:58 AM (#3202632)
Subject: RE: BS: Holy AA+ Batman
From: Bobert

There is a reason for the "poors" in the S&P... They admittedly misplaced a decimal point and when Treasury made them aware of their own mathematical mistake of over $2T their response was "No body is perfect" just before downgrading the nation's credit???

B~


06 Aug 11 - 10:02 AM (#3202634)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

Another piece of weirdness in a very weird couple of years.

If you wrote in a novel that the economic fate of the country was being held in the hands of a lunatic that paints himself orange and that even he wasn't the looniest of the lot by a long shot, critics would pan you for being too surreal.


06 Aug 11 - 11:02 AM (#3202666)
Subject: RE: BS: Holy AA+ Batman
From: Mrrzy

Yeah, I feel like a battery getting smaller...


06 Aug 11 - 01:49 PM (#3202767)
Subject: RE: BS: Holy AA+ Batman
From: GUEST,Peter K (Fionn)

What did anyone expect after Congress signalled to the world that honouring US debts was not a priority? S&P's had certainly given plenty of warning. It's just another step to the dollar losing reserve-currency status.
The lesson for the US is simple: if you don't want the Chinese dictating how you run your economy, try living within your means.


06 Aug 11 - 01:58 PM (#3202773)
Subject: RE: BS: Holy AA+ Batman
From: John on the Sunset Coast

"The lesson for the US is simple: if you don't want the Chinese dictating how you run your economy, try living within your means."

Ditto


06 Aug 11 - 02:08 PM (#3202781)
Subject: RE: BS: Holy AA+ Batman
From: gnu

The Chinese press has been, ahhh, blunt in it's condemnation of the US policies... borrowing at will os OVER; cut military and social spending; stop the "petty politics" (my paraphrasing); and so on.

And they can put their money where their mouth is.


06 Aug 11 - 02:14 PM (#3202785)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

The Chinese have no say in it.

You owe a few thousand, Its your problem, you owe a million (or 1.2 trillion) its is the bank's problem.

But S&P did make the 2 trillion mistake. They are not to be taken too seriously.


06 Aug 11 - 02:34 PM (#3202807)
Subject: RE: BS: Holy AA+ Batman
From: Bobert

S&P knew about the $2T mistake on their part but they had already made up their minds that they were going to do the downgrade even though when that $2T is taken into account our debt was well within the AAA guidelines...

S&P is the Rasmussen Poll of rating agencies...

B~


06 Aug 11 - 02:37 PM (#3202808)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

They ALL screwed the pooch on the housing debacle.


06 Aug 11 - 09:23 PM (#3203030)
Subject: RE: BS: Holy AA+ Batman
From: Donuel

In two months S&P said they could possibly adjust it again.

The CEO intimated that getting back a AAA rating is at least 2 YEARS down the road at best.


06 Aug 11 - 09:31 PM (#3203035)
Subject: RE: BS: Holy AA+ Batman
From: Bobert

S&P is a shill for the Tea Party...

Screw 'um...

Hope that the stock market crashes and burns so that the rich will know what it's like for the other 95% of *US*... Then what will the Tea Party do??? Go whistling by the cemetery???

B~


07 Aug 11 - 05:19 PM (#3203512)
Subject: RE: BS: Holy AA+ Batman
From: GUEST,songbob

Actually, S&P put the onus on the Republican'ts (that's Republican + "T") and did the down-rating based on the political instability rather than the debt as such.

I suspect having most of a political party taking oaths to private parties and not to the Constitution can't have a good ending, no matter what. To whom to these people belong -- Grover Norquist or Uncle Sam? I find it pretty scary that their primary oath seems to be to a single person, not to our country.

Songbob


07 Aug 11 - 06:01 PM (#3203528)
Subject: RE: BS: Holy AA+ Batman
From: Donuel

Naw they are not a shill for the Koch Bros tea party. Not even billionaires want to pay higher interest rates.


07 Aug 11 - 06:14 PM (#3203538)
Subject: RE: BS: Holy AA+ Batman
From: gnu

Ahhh...don't the rich CHARGE interest rates?


07 Aug 11 - 06:23 PM (#3203548)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

Leverage, my man leverage.


07 Aug 11 - 07:28 PM (#3203579)
Subject: RE: BS: Holy AA+ Batman
From: Bobert

Well, no matter how you cut it, Obama will be remembered as the president in office when it was down-graded... I don't see how that can be avoided...

Think about it in another way... Tim Geittner spent all week trying to talk S7P off the ledge... Not Jim Demint...

B~


07 Aug 11 - 07:30 PM (#3203581)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

Gingrich took the blame for the government shutdown.

Clinton took the blame for the stains on the dress.


07 Aug 11 - 10:36 PM (#3203653)
Subject: RE: BS: Holy AA+ Batman
From: GUEST

downgrade from AA- to A+ puts Britain on a par with Chile and heavily-indebted Belgium

Socialism we love you.


08 Aug 11 - 02:16 PM (#3204017)
Subject: RE: BS: Holy AA+ Batman
From: Justa Picker

None of you get it.
If you really want to know what's going on look no further than here: http://www.prisonplanet.com/bankers-launch-next-leg-of-planned-economic-collapse.html


08 Aug 11 - 04:28 PM (#3204100)
Subject: RE: BS: Holy AA+ Batman
From: Peter K (Fionn)

Anonymous guest, the last time I checked, all three major credit-rating agencies (S&P's, Moody's and Fitch) were all maintaining the UK's triple-A rating. I think you've been looking at a rating issued by a Chinese agency some months ago; an agency that obviously exerts minimal influence.


09 Aug 11 - 12:29 PM (#3204673)
Subject: RE: BS: Holy AA+ Batman
From: DrugCrazed

Couple of stolen jokes:

Paul and Storm: It's alright if America's debt overwhelms, because it can always go and live in it's parent's (England) basement.

TheQueenUK: Typical teenagers running away and building up a massive debt...


09 Aug 11 - 03:26 PM (#3204790)
Subject: RE: BS: Holy AA+ Batman
From: gnu

I think Beck is playing here soon.

Skip to the last paragraph and then come back to this one. I love it. You ever hear any Joe Satriani? There's a tune that I was reminded of when I watched that Beck clip... some of the licks are verbatim on this tune... http://www.youtube.com/watch?v=F4fPv450OYM

BTW, if I ever am stupid enough to fall in love again and even stoopider enough to have a ceremony, i would like that one to be the "first dance".

Now... Bobert, Joe does some serious headbangin... here's ONE...
http://www.youtube.com/watch?v=MjNAeELQ_Z8&feature=related


09 Aug 11 - 03:30 PM (#3204791)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

Beck clip?

Beck does use samples in some recordings. It could be the same licks.


09 Aug 11 - 03:59 PM (#3204812)
Subject: RE: BS: Holy AA+ Batman
From: pdq

There may be a generational problem here.

Many people will assume that "Beck" means guitar-rock pioneer Jeff Beck.

There is a younger guy from Los Angeles who calls himself just "Beck" who is rather weird IMO.


09 Aug 11 - 04:07 PM (#3204818)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

If they meant Jeff Beck wouldn't they say Jeff Beck?


09 Aug 11 - 04:55 PM (#3204865)
Subject: RE: BS: Holy AA+ Batman
From: Jack the Sailor

France! Really?? France?