President Madagascar?

LET'S DO THIS.

Can we downgrade Congress some more too?

/I'm sure this is the fault of the OWS protesters who have infiltrated S & P.

Just raise my rates........really I am happy to help out.

If S&P had been doing its job these downgrades would have been gradual over time. Not to mention the absurdity of downgrading something to A+.

Im_Gumby: President Madagascar?

DOWN

GRADE

EVERYTHING

oddly, in ratings terms A+ is kind of meh.

I don't really know anything about how these things work, but do these really mean anything?

Took them long enough

Just in time for this:

Obama's Job Approval Drops Below Carter's

Obama's slow ride down Gallup's daily presidential job approval index has finally passed below Jimmy Carter, earning Obama the worst job approval rating of any president at this stage of his term in modern political history.

Since March, Obama's job approval rating has hovered above Carter's, considered among the 20th century's worst presidents, but today Obama's punctured Carter's dismal job approval line. On their comparison chart, Gallup put Obama's job approval rating at 43 percent compared to Carter's 51 percent.

[snip]

Link (new window)

lohphat: parp?

+1. Eh, plus alot.

penguinfark: I don't really know anything about how these things work, but do these really mean anything?

By which I meant, do these downgrades really mean anything to the public at large and will they have any effect on the average person?

Well, if this doesn't constitute the need for a whole new round of bailouts, I don't know what does.

Am I missing something?

Standard & Poor's ratings service has cut the ratings of the six largest U.S. bank holding companies by one notch. JP Morgan Chase went from A+ to A; Goldman Sachs, Bank of America, Morgan Stanley and Citigroup were downgraded from A to A-; and Wells Fargo was cut from AA- to A+. Among the eight largest banks, only Boston-based State Street escaped unscathed.

Counting fail? If only State Street Got by unscathed, then what was the seventh banks change?

Also:

Here's how each company's stock closed before the downgrade:

-- Bank of America (BAC): $5.07 (new 52-week low)

-- Citigroup (C): $25.24

-- Goldman Sachs (GS): $88.81

-- Morgan Stanley (MS): $13.31

-- Wells Fargo (WFC): $24.08

So ... JP Morgan Chase is not traded? Good to know, I guess?

penguinfark: penguinfark: I don't really know anything about how these things work, but do these really mean anything?

By which I meant, do these downgrades really mean anything to the public at large and will they have any effect on the average person?

if you own any bank stocks in your 401K, your 401K it might go down... or up... depends on any other news stories during the day...

/the ratings are not to be trusted

PsiChi: Just in time for this:

Obama's Job Approval Drops Below Carter's

Obama's slow ride down Gallup's daily presidential job approval index has finally passed below Jimmy Carter, earning Obama the worst job approval rating of any president at this stage of his term in modern political history.

Since March, Obama's job approval rating has hovered above Carter's, considered among the 20th century's worst presidents, but today Obama's punctured Carter's dismal job approval line. On their comparison chart, Gallup put Obama's job approval rating at 43 percent compared to Carter's 51 percent.

[snip]

Link (new window)

Check again in a month or two now that sales are dramatically up, home sales are up, unemployment is beginning to drop, and more. As people begin to get jobs despite all the sabotage being done by anti-American GOPers. I'll be glad when the election is over so that the Libertarian Party can replace the GOP and get the government's manipulative hands out of the economy. The GOP has done WAY too much damage the past few years with their Big Government policies.

Oh no! This caused the DOW to drop by -400 points today!!!

Shut them down by moving your money to a local credit union. But you won't because ur scareded and stoopid.

deadcrickets: Since March, Obama's job approval rating has hovered above Carter's, considered among the 20th century's worst presidents, but today Obama's punctured Carter's dismal job approval line. On their comparison chart, Gallup put Obama's job approval rating at 43 percent compared to Carter's 51 percent.

Carter? Banks? 43 percent?

President Bush will leave office as one of the most unpopular departing presidents in history, according to a new CBS News/New York Times poll showing Mr. Bush's final approval rating at 22 percent.

Well, now's a good chance for the Federal Bank of Peppermint Patty to try and move up a little.

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/insert debbiedowner.jpeg
//this joke gets a D-

conveniently timed with the fed/central bank move to keep wall street happy eh?

We should raise taxes on the rich so we can afford to bail out the 1%.

Why didn't the banks just buy a better rating for themselves like they did for all those shiatty investments?

So who downgrades S&P?

Irving Maimway: Why didn't the banks just buy a better rating for themselves like they did for all those shiatty investments?

I bet they tried, maybe the ratings agencies have decided it's in their best interest to still be in business after this is over.

I'm bitter I didn't invest in bitcoins in 2010. Screw banks.

Why does S&P hate Amurca?

I'm beginning to think that BofA is going to fail. It couldn't happen to a bigger bunch of dicks.

Azmodan Kijur: Am I missing something?

Standard & Poor's ratings service has cut the ratings of the six largest U.S. bank holding companies by one notch. JP Morgan Chase went from A+ to A; Goldman Sachs, Bank of America, Morgan Stanley and Citigroup were downgraded from A to A-; and Wells Fargo was cut from AA- to A+. Among the eight largest banks, only Boston-based State Street escaped unscathed.

Counting fail? If only State Street Got by unscathed, then what was the seventh banks change?

The top six were all cut. Of the top 8, 7 were cut. State Street is either 7th or 8th in line. Thus, the unnamed bank that is not State Street was also cut. It is strongly implied that State Street is 7th and this unnamed bank is 8th.

Braindeath: I'm bitter I didn't invest in bitcoins in 2010. Screw banks.

Day trading on Linden dollars might work out better.

PsiChi: Just in time for this:

Obama's Job Approval Drops Below Carter's

Obama's slow ride down Gallup's daily presidential job approval index has finally passed below Jimmy Carter, earning Obama the worst job approval rating of any president at this stage of his term in modern political history.

Since March, Obama's job approval rating has hovered above Carter's, considered among the 20th century's worst presidents, but today Obama's punctured Carter's dismal job approval line. On their comparison chart, Gallup put Obama's job approval rating at 43 percent compared to Carter's 51 percent.

According to the Gallup Poll Shrub had a better rating than Carter



Wikipedia at least uses 17 different sources to get an aggregate total...
Carter is not the worst except in the republican playbook (new window)
This more balanced view puts Carter at 27th out of 44 Presidents(between Ford and Arthur)
Bush is at 34th(between Harrison and Taylor)
According to a Gallup Poll of Presidential Greatness their survey puts Ronald Reagan as #1 Link (new window)
/ Go figure

Would-a helped in 2007. 2011, not so much.

An example:
They would go to DEFCON 1, 3 years after the nukes went off.

Brilliance.

I'm sorry, I can't hear you over the giant pile of gold I have buried in my backyard.

Virtue: I Am Much Smarter Than You: Shut them down by moving your money to a local credit union. But you won't because ur scareded and stoopid.

Hell I already have my account at a Credit Union and that load of crap makes me want to move it to a bank.

Sounds like you didn't pick a good one. Moved to USAA from a national bank a few months ago and absolutely love it.

Free interest bearing checking? Yes, please. Service has been great as well.