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(Marketwatch)   US Credit rating downgraded to Redneck Lottery Winner   (marketwatch.com ) divider line
    More: Asinine, Redneck Lottery Winner, Egan-Jones, U.S., Bankruptcy of Lehman Brothers  
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13997 clicks; posted to Business » on 14 Sep 2012 at 8:16 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-14 10:06:54 PM  

LordJiro: smitty04: bojon: Go to your county assessors site, plug in National Federal Mortgage for owner. These are our mortgage backed securities.

The house down the street was foreclosed on for the second time in 3 years. Things are not getting any better.

Thank you for acknowledging that trickle-down economics don't work. Or did you not realize that the stock market is near an all-time high, huge corporations are making record profits, and the wealthy are just generally getting wealthier than ever?

Acknowledging that things aren't getting much better for the poor and middle class is explicitly acknowledging that trickle-down, the cornerstone of Republican economic theory, DOES NOT WORK.


The trickle-downers won't trickle-down, and they are imploding the economics pyamid scheme we've been operating under this last hundred years.

Aren't you impressed? I am. What a shiat-storm of a smoke screen.
 
2012-09-14 10:11:28 PM  

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


Drugs, lots and lots of drugs.
 
2012-09-14 10:12:46 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.


If we lower taxes on the wealthiest and increase defense spending by 100000000000% we will have no deficit and everyone will love us.
 
2012-09-14 10:14:15 PM  

Nightshade50: oldernell: OK. So where else would you put your money. Recommendations, please.

Drugs, lots and lots of drugs.


The greening of America?

'Bout time, jackhats.

If we're going to espouse mind dumb (religion), we should at least espouse body dumb (drugs)...

That is all.
 
2012-09-14 10:16:13 PM  
 
2012-09-14 10:18:17 PM  

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

Ah, ah, ah, ah, staying alive, staying alive.


My assets are heavily invested in getting that song out of my head.
 
2012-09-14 10:20:06 PM  

RedVentrue: The trickle-downers won't trickle-down, and they are imploding the economics pyamid scheme we've been operating under this last hundred years.


Capital in the form of currency has no intrinsic value. It's function to move around and support commerce. Period. When you set up a system where 1% of the population shoves it all into a big barrel and puts a pinhole in it, there *is* no economy. Running out of places to park that Rolls Royce, yet, big time?
 
2012-09-14 10:20:20 PM  

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

Ah, ah, ah, ah, staying alive, staying alive.

My assets are heavily invested in getting that song out of my head.


So, you're against CPR, then?
 
2012-09-14 10:21:09 PM  

Indubitably: Biological Ali: xanadian: Strongbeerrules: All my assets are tied up in staying alive.

Ah, ah, ah, ah, staying alive, staying alive.

My assets are heavily invested in getting that song out of my head.

So, you're against CPR, then?


Richies: prepare to be nuked from space...
 
2012-09-14 10:22:45 PM  
Wow. So some nobody company downgraded the US. Wake me when somebody important weighs in.
 
2012-09-14 10:23:25 PM  

Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.


I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.
 
2012-09-14 10:24:25 PM  

Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.


Your dialect fails.
 
2012-09-14 10:25:32 PM  

Cyberzombie: Wow. So some nobody company downgraded the US. Wake me when somebody important weighs in.


Every dime store MBA jerkweed with a Brooks Bros. suit and an office in Manhattan is the a master of the universe. Just ask them.
 
2012-09-14 10:30:59 PM  

bunner: RedVentrue: The trickle-downers won't trickle-down, and they are imploding the economics pyamid scheme we've been operating under this last hundred years.

Capital in the form of currency has no intrinsic value. It's function to move around and support commerce. Period. When you set up a system where 1% of the population shoves it all into a big barrel and puts a pinhole in it, there *is* no economy. Running out of places to park that Rolls Royce, yet, big time?


I've got room for the 8 'Royces, but where to park my Lear?
 
2012-09-14 10:32:21 PM  

Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.


Must be the brain damage.
 
2012-09-14 10:33:24 PM  

RedVentrue: bunner: RedVentrue: The trickle-downers won't trickle-down, and they are imploding the economics pyamid scheme we've been operating under this last hundred years.

Capital in the form of currency has no intrinsic value. It's function to move around and support commerce. Period. When you set up a system where 1% of the population shoves it all into a big barrel and puts a pinhole in it, there *is* no economy. Running out of places to park that Rolls Royce, yet, big time?

I've got room for the 8 'Royces, but where to park my Lear?


My best guess is somewhere behind that barbed wire you've been window shopping.
 
2012-09-14 10:33:36 PM  

RedVentrue: Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.

Must be the brain damage.


Whose?
 
2012-09-14 10:33:42 PM  

Alonjar: TLDR: rich people are stealing all of your money through a complicated banking scam... and we're going to let them do it, because once they go from being rich to super mega ultra rich, they can hire more peasants. Or something.


Thus the break down of immigration laws, cheaper labor, it's all interconnected...
And it doesn't even matter who ya vote for!

smitty04: Too many people were getting houses they could not afford. The government was pressuring mortgage companies to loan money to unqualified people


If I recall the Democrats were in control of "everything" at that particular time.
Please correct me if I'm wrong!
 
2012-09-14 10:33:52 PM  

mjg: Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.


Yeah but they have socialized healthcare, which is socialism, which is the exact same thing as communism, which is really authoritarian. Like Hitler.

Who wants to be a nazi? Not this guy.
 
2012-09-14 10:34:50 PM  

Indubitably: RedVentrue: Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.

Must be the brain damage.

Whose?


"Crate literally crumbled."
 
2012-09-14 10:35:39 PM  

Indubitably: Indubitably: RedVentrue: Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.

Must be the brain damage.

Whose?

"Crate literally crumbled."


P.S. I just won...
 
2012-09-14 10:35:44 PM  

mjg: Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.


Canada has AAA credit rating because their debt is only $600B and their tax rates and mineral wealth essentially guarantee repayment. The exchange rate is reflective of exports (again, mostly minerals).
 
2012-09-14 10:35:48 PM  
After Wall St ground to a halt in 2008, and then pulled off the greatest robbery in the history of planet, a few reps from the various credit rating agencies were summoned to Washington to explain things. Before a congressional hearing, these credit rating agency reps were asked, "How could you get it so wrong? You were stamping AAA all over that toxic CDO crap." Do you know what they all said to a man? "Not our fault, the ratings we issue are OPINIONS and people should only used them as suggestions about how they should invest."

Fark the credit rating agencies. In a sane world, all those farkers would be thrown in prison.
 
2012-09-14 10:35:52 PM  
Thank you, Obama, you idiot.
 
2012-09-14 10:37:18 PM  

Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.


Could have been something hit me in the head a while back.
 
2012-09-14 10:38:13 PM  

Jimmysolson: If I recall the Democrats were in control of "everything" at that particular time.
Please correct me if I'm wrong!


You are wrong. The same greedy bastards that both parties suck off on a regular basis, were. Would you like a nice campaign button to go with your kool aid?
 
2012-09-14 10:39:04 PM  

gaslight: How to open a bank account in Canada if you live inside the USA.


Why? There are plenty of stable banks in the US. Just avoid the stupid ones. I love USAA!
 
2012-09-14 10:40:22 PM  

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


Considering the S&P 500 is up over 20% since the last time we were "downgraded", I'd say "the stock market".

/that's where I'm putting my money, anyway.
 
2012-09-14 10:40:37 PM  

Indubitably: Indubitably: Indubitably: RedVentrue: Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.

Must be the brain damage.

Whose?

"Crate literally crumbled."

P.S. I just won...


Holy Crap! What just happened?
 
2012-09-14 10:40:47 PM  
I'm in favor of QE but not when it's just buying up more worthless Wall Street derivatives to make billionaires richer...

Humans are farking shiat, and you all accept living like what is essentially a neo-serf.
 
2012-09-14 10:41:40 PM  

tony41454: Thank you, Obama, you idiot.


www.hillcountrytrophy.com

Congratulations. Having read your astute and incisive assessment of the cause of the 30 year long financial fistf*cking we've endured, I am now a registered Republican.
 
2012-09-14 10:44:52 PM  

Jimmysolson: Indubitably: Indubitably: Indubitably: RedVentrue: Indubitably: Jimmysolson: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

I've got the etc. covered.

Pappy always tole me, 'be a gud boy scout, be prepared, think fast!' and then he'd toss a rock at my head.
Din't always get out of the way in time.

Your dialect fails.

Must be the brain damage.

Whose?

"Crate literally crumbled."

P.S. I just won...

Holy Crap! What just happened?


Superman/Batman/Everyman just happened, friend.

Super-Mind.
 
2012-09-14 10:45:13 PM  

bunner: Jimmysolson: If I recall the Democrats were in control of "everything" at that particular time.
Please correct me if I'm wrong!

You are wrong. The same greedy bastards that both parties suck off on a regular basis, were. Would you like a nice campaign button to go with your kool aid?


There ya go being all insulting and stuff. Does the party pay you to troll here, or are you working for free?
 
2012-09-14 10:47:00 PM  

Jimmysolson: There ya go being all insulting and stuff. Does the party pay you to troll here, or are you working for free?


I note that the entire two party system is a joke, and not only am I trolling, but I'm a paid shill troll for one of those parties? Ooooooookey dokey.
 
2012-09-14 10:48:12 PM  

bunner: Jimmysolson: If I recall the Democrats were in control of "everything" at that particular time.
Please correct me if I'm wrong!

You are wrong. The same greedy bastards that both parties suck off on a regular basis, were. Would you like a nice campaign button to go with your kool aid?


The Community Reinvestment Act that helped to fuel the mortgage meltdown. What the CRA does, in effect, is compel banks to seek the permission of community activists to get regulatory approval for bank expansions and mergers. Often this means striking a deal with activist groups such as ACORN or unions like the Service Employees International Union (SEIU) and agreeing to allocate credit to poor and minority areas that are underserved.

In short, the CRA encourages banks to make loans they would not ordinarily make.
 
2012-09-14 10:48:45 PM  

madgonad: mjg: Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.

Canada has AAA credit rating because their debt is only $600B and their tax rates and mineral wealth essentially guarantee repayment. The exchange rate is reflective of exports (again, mostly minerals).


So taking over Canada seems like the answer. The war of 2012.
 
2012-09-14 10:50:46 PM  

smitty04: bunner: Jimmysolson: If I recall the Democrats were in control of "everything" at that particular time.
Please correct me if I'm wrong!

You are wrong. The same greedy bastards that both parties suck off on a regular basis, were. Would you like a nice campaign button to go with your kool aid?

The Community Reinvestment Act that helped to fuel the mortgage meltdown. What the CRA does, in effect, is compel banks to seek the permission of community activists to get regulatory approval for bank expansions and mergers. Often this means striking a deal with activist groups such as ACORN or unions like the Service Employees International Union (SEIU) and agreeing to allocate credit to poor and minority areas that are underserved.

In short, the CRA encourages banks to make loans they would not ordinarily make.


Which, much to my amazement, seems to to be a great way to seize all those secured assets with no actual investment whatsoever after the poor people fall on their ass.
 
mjg
2012-09-14 10:51:58 PM  

madgonad: mjg: Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.

Canada has AAA credit rating because their debt is only $600B and their tax rates and mineral wealth essentially guarantee repayment. The exchange rate is reflective of exports (again, mostly minerals).


True. But looking at Canada's mineral resources (and fresh water) the country is set to be the Saudi Arabia of this century.
 
2012-09-14 10:55:36 PM  

bunner: Jimmysolson: There ya go being all insulting and stuff. Does the party pay you to troll here, or are you working for free?

I note that the entire two party system is a joke, and not only am I trolling, but I'm a paid shill troll for one of those parties? Ooooooookey dokey.


I forgot to add...
Thanks for setting me straight on who is really in charge!
 
2012-09-14 10:56:32 PM  

madgonad: mjg: Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.

Canada has AAA credit rating because their debt is only $600B and their tax rates and mineral wealth essentially guarantee repayment. The exchange rate is reflective of exports (again, mostly minerals).


Maybe I should think about taking a job at Tar Sands.

And yell and scream 'bout Red or Blue, but both sides of the aisle have been spending like drunken sailors on shore leave since about 1960.
 
2012-09-14 10:56:47 PM  

jso2897: Yeah - I'm sure that Negro from the South side will punk out - not the way a super-manly white boy from the burbs like you would do. We're all counting on you, Captain America.


What, I'm being serious.

This has absolutely zero impact on how people should see Obama. A bad rating from an agency once known for inflating credit ratings should be ignored as kookery.
 
2012-09-14 10:57:03 PM  

mjg: madgonad: mjg: Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.

Canada has AAA credit rating because their debt is only $600B and their tax rates and mineral wealth essentially guarantee repayment. The exchange rate is reflective of exports (again, mostly minerals).

True. But looking at Canada's mineral resources (and fresh water) the country is set to be the Saudi Arabia of this century.


We could send the EPA up there and put a stop to that mineral development. Declare their environment is the same as our environment.
 
2012-09-14 10:59:46 PM  

bunner: RedVentrue: We're so Farked.

Thanks Obama!

*looks at last 30 years of utter unbridled avarice and gutting of the economy*

"Yeah, it's the.... "

*spins wheel*

"Black guy!"


Only when we go full laissez-fail will things start to work. Also, we've always been at war with Eastasia.
 
2012-09-14 10:59:51 PM  
Any time people start talking about "the global", that means that they want to run the whole world, not just the little sliver they've been ruling, so far. Nobody wants to unite the world unless it fits into their desk drawer afterwards.
 
2012-09-14 11:03:16 PM  

smitty04: We could send the EPA up there and put a stop to that mineral development. Declare their environment is the same as our environment.


Can we do that? Was that part of the NAFTA agreement or what?
 
2012-09-14 11:05:26 PM  

super_grass: austin_millbarge: I love when the rightards point an Solyndra and start squwaking. It's such a great way for them to try and kill public support for alternative energy AND undercut Obama at the same time.

Obey your corporate masters wingnuts!

Yup, point out factual corruption and crony capitalism counts as corporatism now.

/ love is hate, etc...


Crony and corruption? Factual? At the same time, China has made solar manufacturing a centerpiece of its economic agenda, sending a tide of cheap photovoltaic panels to American shores. Prices for those panels have dropped an incredible 75% in the past three years.

So, being factual, China is the culprit that farked Solyndra, not cronyism or corruption on Obama's part. Sometimes it pays to read beyond the headlines or turn off that "fair & balanced" news channel.
 
2012-09-14 11:07:19 PM  

gameshowhost: Only when we go full laissez-fail will things start to work. Also, we've always been at war with Eastasia.


I concur. To quote Capt. Sulu, "Fly her apart, then!" Let it crash. It's like removing a band-aid, quick and painful is IMHO the better option.
 
2012-09-14 11:13:37 PM  

99.998er: super_grass: austin_millbarge: I love when the rightards point an Solyndra and start squwaking. It's such a great way for them to try and kill public support for alternative energy AND undercut Obama at the same time.

Obey your corporate masters wingnuts!

Yup, point out factual corruption and crony capitalism counts as corporatism now.

/ love is hate, etc...

Crony and corruption? Factual? At the same time, China has made solar manufacturing a centerpiece of its economic agenda, sending a tide of cheap photovoltaic panels to American shores. Prices for those panels have dropped an incredible 75% in the past three years.

So, being factual, China is the culprit that farked Solyndra, not cronyism or corruption on Obama's part. Sometimes it pays to read beyond the headlines or turn off that "fair & balanced" news channel.


Fed Audit Confirms Govt. Corruption In Solyndra Deal

Also America already spends a huge amount of money to help push American solar energy and manufacturing products overseas. It's a little thing called Corn Subsidies, have you heard of it?
 
2012-09-14 11:16:04 PM  
Definitely leaning toward splitting my portfolio between large tracts of remote vacant land and firearms/ammo.

Gawd, I can't wait for the states to break up. It is waaay overdue.
 
2012-09-14 11:20:50 PM  

super_grass: Fed Audit Confirms Govt. Corruption In Solyndra Deal

Also America already spends a huge amount of money to help push American solar energy and manufacturing products overseas. It's a little thing called Corn Subsidies, have you heard of it?



There are many things I'd never learn if I didn't come to Fark.
 
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