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(Marketwatch)   US Credit rating downgraded to Redneck Lottery Winner   (marketwatch.com) divider line 203
    More: Asinine, Redneck Lottery Winner, Egan-Jones, U.S., Bankruptcy of Lehman Brothers  
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13981 clicks; posted to Business » on 14 Sep 2012 at 8:16 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-14 05:23:17 PM
OK. So where else would you put your money. Recommendations, please.
 
2012-09-14 05:56:59 PM
I'm heavily invested in blow
 
2012-09-14 08:22:08 PM
Yuan
 
2012-09-14 08:22:56 PM
I put all my dollars into Lutefisk futures.
 
2012-09-14 08:23:40 PM
Not one of the Big Three, but still a Nationally Recognized Statistical Rating Organization. So I guess this is a big deal.

Except for, uh... *cough*
 
2012-09-14 08:24:01 PM
Pffft.

America is the engine of the world: you know it; I know it; they know it; get over it.

;)
 
2012-09-14 08:24:09 PM
All my assets are tied up in staying alive.
 
2012-09-14 08:25:08 PM
....who? Never heard of this company.
 
2012-09-14 08:25:15 PM
I wonder if it works like personal ratings. People with low ratings end up only qualifying for high interest loans due to the risk. Does that mean that future borrowed money by the government will have a higher interest rate that us taxpayers have to pay for? Curious.
 
2012-09-14 08:26:53 PM
 
2012-09-14 08:28:09 PM

Summercat: ....who? Never heard of this company.


Looks like they're fairly new and are in trouble with the SEC.
 
2012-09-14 08:30:11 PM

Smeggy Smurf: I'm heavily invested in blow


Good thing I'm heavily invested in Cheetos, doritos and other snack foods. Also, strippers; very heavily invested in the stripper market.
 
2012-09-14 08:34:04 PM

Strongbeerrules: All my assets are tied up in staying alive.


You got a silo in need of good space?
 
2012-09-14 08:35:25 PM
www.pequepuzzle.com
 
2012-09-14 08:36:02 PM

sitesmithscott: I wonder if it works like personal ratings. People with low ratings end up only qualifying for high interest loans due to the risk. Does that mean that future borrowed money by the government will have a higher interest rate that us taxpayers have to pay for? Curious.


Yes
 
2012-09-14 08:36:21 PM
What does this mean exactly?

Will China will tighten up the purse strings or something?
 
2012-09-14 08:38:11 PM
Smeggy Smurf: I'm heavily invested in blow

Just remember not to get high on your own supply
 
2012-09-14 08:39:10 PM
Don't worry, we'll get our credit rating back.

All we have to do is elect lots of Republicans. Across the board should do.
 
2012-09-14 08:42:03 PM

oldernell: OK. So where else would you put your money. Recommendations, please.


I suggest investing heavily in lead.
 
2012-09-14 08:42:59 PM

Strongbeerrules: All my assets are tied up in staying alive.


Ah, ah, ah, ah, staying alive, staying alive.
 
2012-09-14 08:43:01 PM
Good investment?

Pork Bellies! It's the ONLY Way!!
 
2012-09-14 08:43:51 PM

Jimmysolson: oldernell: OK. So where else would you put your money. Recommendations, please.

I suggest investing heavily in lead.


And munitions, yes.
 
2012-09-14 08:45:12 PM
Pumpkin futures...
 
2012-09-14 08:46:59 PM

MrEricSir: Summercat: ....who? Never heard of this company.

Looks like they're fairly new and are in trouble with the SEC.


Partisan shill company? Won't matter if the SEC destroys this company or is in the process of doing so, it's currently 'legit' (Even if nobody has heard of it), so people can go ITS BEEN DOWNGRADED HOLLY FARK.

Also could someone be so kind as to explain the rationale behind their downgrading?
 
2012-09-14 08:47:41 PM

ElLoco: [www.pequepuzzle.com image 225x144]


*chortle*
 
2012-09-14 08:48:08 PM

oldernell: OK. So where else would you put your money. Recommendations, please.


Gold Silver Platinum Farmland In reverse order.
 
2012-09-14 08:48:20 PM

whidbey: Don't worry, we'll get our credit rating back.

All we have to do is elect lots of Republicans. Across the board should do.


Wrong answer.
 
2012-09-14 08:49:10 PM
two things that should never be mentioned in the same sentence: credit agencies and integrity.

let me tell you how it works.
institution needs a rating so it can get investors
it goes to rating agency and pays them
rating agency gives the institution a rating
if institution doesnt like the rating they take their money to a different agency
 
2012-09-14 08:49:55 PM
Don't like the $US? Short it with the PowerShares DB U.S. Dollar Bearish Fund (US:UDN).
 
2012-09-14 08:50:12 PM

sitesmithscott: I wonder if it works like personal ratings. People with low ratings end up only qualifying for high interest loans due to the risk. Does that mean that future borrowed money by the government will have a higher interest rate that us taxpayers have to pay for? Curious.


Of course it does. You should start having more sex and you wouldn't have to ask questions like this.
 
2012-09-14 08:50:47 PM
"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month..."


Not to worry.

I heard that the Fed has those mortgage-backed securities insured against default by A.I.G.
 
2012-09-14 08:50:57 PM
Of course they want the credit free and the money cheap. The money is just debt and when you can get it into the hands of the working class, they buy either cheap crap with it - profit - or homes they can't afford which you can then take away from them, all without using your own money. Land is valuable. Buy lots of it on margin using IOUs. Please, think of the brokers. I gotta admit, I never thought that they would try and put the housing dog back on the derivatives pony for round two, this soon.
 
2012-09-14 08:51:43 PM
Obama 2012.
 
2012-09-14 08:53:33 PM

bunner: Of course they want the credit free and the money cheap. The money is just debt and when you can get it into the hands of the working class, they buy either cheap crap with it - profit - or homes they can't afford which you can then take away from them, all without using your own money. Land is valuable. Buy lots of it on margin using IOUs. Please, think of the brokers. I gotta admit, I never thought that they would try and put the housing dog back on the derivatives pony for round two, this soon.



Cows need to be milked regularly.
 
2012-09-14 08:53:51 PM

Olympic Trolling Judge: Not one of the Big Three, but still a Nationally Recognized Statistical Rating Organization. So I guess this is a big deal.

Except for, uh... *cough*


Ah - so they wouldn't have a reason to . . . no they, well, they might . . .
 
2012-09-14 08:54:08 PM
Thanks, republicans.
 
2012-09-14 08:55:23 PM

Linkster: Good investment?

Pork Bellies! It's the ONLY Way!!


cdn2.screenjunkies.com
Frozen Concentrated Orange Juice!
 
2012-09-14 08:56:02 PM

Summercat: ....who? Never heard of this company.


They're the people that know the guys who are the assistants to the big wheels that say how sh*t works. They own very nice suits and a tastefully appointed office. Now start worrying!
 
2012-09-14 08:56:08 PM

MrEricSir: Summercat: ....who? Never heard of this company.

Looks like they're fairly new and are in trouble with the SEC.


I can't speak to that. But...if you were an investor or concerned citizen during the credit bubble, before the crisis hit, Egan-Jones' ratings lower and hence less bullshiat that the big "reputable" agencies: S&P, Moody's, Fitch.

Link
 
2012-09-14 08:56:16 PM

sitesmithscott: Does that mean that future borrowed money by the government will have a higher interest rate that us taxpayers have to pay for?


After S&P downgraded the US, the interest rate on the national debt dropped. So like most things at this scale, no, it doesn't work the same as for an individual person.
 
2012-09-14 08:57:01 PM
You mean Egan-Jones Credit Ratings, Bait and Tackle?

Uh, OK...
 
2012-09-14 08:57:55 PM
I love how this solution continues to pad bankers' pockets.

See?

P.S. Fed: buy student loans and forgive them as part of QE3, or make it QE4, or...

P.P.S. QE5.
 
2012-09-14 08:58:42 PM

bunner: Summercat: ....who? Never heard of this company.

They're the people that know the guys who are the assistants to the big wheels that say how sh*t works. They own very nice suits and a tastefully appointed office. Now start worrying!


No worries.
 
2012-09-14 08:58:43 PM

Surpheon: sitesmithscott: Does that mean that future borrowed money by the government will have a higher interest rate that us taxpayers have to pay for?

After S&P downgraded the US, the interest rate on the national debt dropped. So like most things at this scale, no, it doesn't work the same as for an individual person.


That's because there are other factors at work (e.g. Operation Twist). But in general, low ratings mean more risk, which means higher interest rates. That's why all the European bonds with terrible ratings have historically high yields.
 
2012-09-14 09:01:02 PM

Mugato: Thanks, republicans.


See this is why people like you always have bad credit. A failure to accept responsibility and take the cure..
 
2012-09-14 09:01:13 PM

Indubitably: I love how this solution continues to pad bankers' pockets.


They have to keep propping up their IOUs by pretending something useful is going on. There's not. They're juggling debt and trying to create more and then sell it. And when it's time to collect, you better learn Chinese. In the mean time, banks are sort of fond of scooping up the confetti the Fed prints and trading it for actual wealth and they ain't putting up a closed sign any time soon.
 
2012-09-14 09:06:10 PM

Indubitably: I love how this solution continues to pad bankers' pockets.

See?

P.S. Fed: buy student loans and forgive them as part of QE3, or make it QE4, or...

P.P.S. QE5.


The system for a long time, take shiat and make it gold. Housing goes up, make it look good, turn it to shiat, let it fail. sell it to Bob that thinks it's ok, watch it fail and take bobs investment.

Banking 101,
 
2012-09-14 09:08:26 PM
memecreator.eu
 
2012-09-14 09:09:11 PM
www.entertainmentwallpaper.com 

Catalinas for everyone! 

4.bp.blogspot.com 

cdn.buzznet.com 

pixhost.me
 
2012-09-14 09:11:04 PM
sitesmithscott
I wonder if it works like personal ratings. People with low ratings end up only qualifying for high interest loans due to the risk. Does that mean that future borrowed money by the government will have a higher interest rate that us taxpayers have to pay for? Curious.

More or less. However, we're still the safest investment around, so we won't start paying more until the global economy stabilizes.
 
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