Small Surprise: US/UK Credit Rating in Danger

Discussion in 'Current Events' started by C-101, Mar 15, 2010.

  1. C-101
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    C-101 Old School Conservative

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    U.S., U.K. Move Closer to Losing Rating, Moody?s Says (Update1) - Bloomberg.com

    I hope they downgrade the credit rating. The government needs a serious reality check on their endless spending.

    If lenders lose faith in the US government, so be it.
     
  2. uscitizen
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    uscitizen Senior Member

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    Yeah according to Moody's. the same outfit that rated junk mortgage insrruments as low risk and pretty much caused this recession.
     
  3. goldcatt
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    goldcatt Catch me if you can! Supporting Member

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    You read my mind. :clap2:

    Not that they were the only ones who caused it, but they had as much of a hand in it as anybody else. Wonder who they're in the tank for this time?
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    I guess the US Government doesn't pay Moody's as well as AIG or Goldman Sachs
     
  5. C-101
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    C-101 Old School Conservative

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    Which should, in fact, be an even greater cause for concern if even Moody's is admitting that the US is in trouble.
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The interest on the federal debt is going to increase rapidly.

    Fasten your seat belts, it's going to be a bumpy downhill slide.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    People who dont understand interest, pay it.

    People who do understand interest, collect it.

    We are a society of people who don't understand interest. and it will be our masters. We will be enslaved to it. and there is nothing the sane can do to stop the problem.
     
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  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Indeed. Debt is slavery - and in the case of the U.S., one which is enslaving people who have not yet been born and have no say in the matter. And all for the great cause of enabling politicians and their cronies to siphon money away from taxpayers.
     
  9. blu
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    blu Senior Member

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    if you have 15 triple a bonds together with 3 junk bonds what do you rate the overall risk?
     
  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Does it matter who is saying it? Is it any less true?
     

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