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(Marketwatch)   Moody's downgrades Spain's credit rating to bull   (marketwatch.com) divider line 13
    More: Fail, Spain  
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461 clicks; posted to Business » on 14 Feb 2012 at 8:41 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-02-14 09:37:21 AM
I'm disappointed in your failure to include an "olè!" in the headline, subby.

Now go to your room and think about what you've done.
 
2012-02-14 10:28:59 AM
Ha Ha it's funny cause of bullfighting.
 
2012-02-14 10:43:56 AM
While I'm not surprised, I've come to the conclusion that bond ratings are about as predictive as the racing form.
 
2012-02-14 10:52:29 AM
Are there rational people left in this world who still think the ratings agencies are anything other than criminal fraud operations?

Moodys, Standard and Poor and Fitch should be shut down and every employee thrown in jail without bail just for their handling of Securitized Debt Obligations alone. The list of criminal fraud goes on and on from there.

Oh, I forgot the courts are invalid and rubber stamp operations for the financial fraud industry. I'm sorry. I thought there was still integrity in justice system. My bad.

Money talks...BullShiat walks.
 
jvl
2012-02-14 12:09:24 PM

Eapoe6: Are there rational people left in this world who still think the ratings agencies are anything other than criminal fraud operations?


Yes, they must be fraud operations. What other reason could there possibly be for downgrading the credit rating of a country which is having massive problems with paying its debt?
 
2012-02-14 12:23:59 PM

jvl: Eapoe6: Are there rational people left in this world who still think the ratings agencies are anything other than criminal fraud operations?

Yes, they must be fraud operations. What other reason could there possibly be for downgrading the credit rating of a country which is having massive problems with paying its debt?


So childlike. So without common sense. So fearful an alternative.
 
2012-02-14 12:27:10 PM

jvl: Eapoe6: Are there rational people left in this world who still think the ratings agencies are anything other than criminal fraud operations?

Yes, they must be fraud operations. What other reason could there possibly be for downgrading the credit rating of a country which is having massive problems with paying its debt?


They're only way too late for anyone to give a damn about it. You see how much the market cares. If they were any good then this would have been done years ago.

The ratings agencies aren't frauds. They're just not as competent as the business media regards them to be.
 
2012-02-14 12:57:36 PM

jvl: Eapoe6: Are there rational people left in this world who still think the ratings agencies are anything other than criminal fraud operations?

Yes, they must be fraud operations. What other reason could there possibly be for downgrading the credit rating of a country which is having massive problems with paying its debt?


Securities ratings should be a function of the government, not private enterprise.

What other reason could there possibly be for providing AAA ratings to fraudulent debt packages other than the fact that they were provided by your biggest customers?

The agencies are a crock of shiat. Paying attention to them will get you everything you deserve.
 
jvl
2012-02-14 05:20:05 PM

Rent Party: Securities ratings should be a function of the government, not private enterprise.


Absolutely. We need to make lobbying into a much bigger business. And campaign contributions don't grow on trees.
 
2012-02-14 05:46:21 PM

jvl: Rent Party: Securities ratings should be a function of the government, not private enterprise.

Absolutely. We need to make lobbying into a much bigger business. And campaign contributions don't grow on trees.


Lobbying can also be controlled via statute.

Restoration of career civil service folks needs to be the number one priority of any administration. The destruction of that class, beginning with Reagan, is the biggest danger we face.
 
2012-02-14 06:30:55 PM
Bear=bad
Bull=good

Hello?
 
jvl
2012-02-14 09:26:12 PM

Rent Party: Lobbying can also be controlled via statute.


So to help people understand stocks, we've make laws which require companies to pay an independent agency to rate their stocks.

Agencies are corruptible, so we need a law to make the government rate the stocks.

Governments are corruptible, so we need laws regulating lobbying.

The elected members of government are corruptible, so we need laws transferring power to unelected bureaucrats.

You keep wanting to take the same action, but each step of the way you expect a different result. Rather than fix the problem at it's source (companies select and pay agencies), you plan on fixing it with laws all the way down.
 
2012-02-15 05:08:27 AM
Now, I know their economy has problems, but im gonna go out on a limb and say the Spanish Government is going to be paying back its creditors LONG after Moody's is no longer in business.

So.... who cares what they think?

/ what, did they miss their protection payment this quarter?
 
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