Stocks fall on concern about US credit rating

Discussion in 'Economy' started by uscitizen, Mar 15, 2010.

  1. uscitizen
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    uscitizen Senior Member

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    Stocks fall on concern about US credit rating

    Mar 15, 11:06 AM (ET)

    By STEPHEN BERNARD and TIM PARADIS


    NEW YORK (AP) - Concerns about China's economy and a warning about the U.S. credit rating hit stocks.

    Credit ratings agency Moody's said Monday that debt loads are stretched in the U.S. and Britain. The countries carry the top "AAA" rating. And a drop in the rating would make it more expensive for the government to borrow money.

    My Way News - Stocks fall on concern about US credit rating

    btw this is the very same Moodys that gave low risk ratings to the junk securities that pretty much triggered the recession.
     
  2. The Rabbi
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    The Rabbi Diamond Member

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    And the same Moody's that has given hundreds of thousands of ratings to all kinds of other things and been right every time.
    How is Obama going to deal with an AA rated U.S.? His solution seems to be throw more money at it.
    He is weakening this country every day.
     
  3. uscitizen
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    uscitizen Senior Member

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    You of course have a link with moody's accuracy stats?
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    No. You?
     
  5. uscitizen
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    uscitizen Senior Member

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    Ohh I can easily round up a few articles on how they screwed the pooch on the mortgage instrument package ratings.

    Can you on the rest?
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    Yeah, that would be easy.
    Can you call up articles where the mis-rated sovereign government debt?
     
  7. uscitizen
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    uscitizen Senior Member

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    Put out or shut up.

    What I stated on how the mis rated the mortgage packages is common knowledge, your statement is not.
     
  8. The Rabbi
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    The Rabbi Diamond Member

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    What a laugh and a half you are.
    You claim that Moody's warning about the US debt rating is worthless because their rating system is suspect. The only proof you offer is well known cases where they failed to rate some mortgage securities properly. That has zero to do with sovereign debt ratings, which was the subject of your rant (I can't call anything you write a post). When challenged to find evidence that actually supports what you wrote you throw the burden on me.

    You're an idiot. Case closed.
     
  9. uscitizen
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    uscitizen Senior Member

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    btw I made a donation to Hati a few days ago and they offered me a free voodoo curse for the person I chose. I chose the Rabbi.

    Enjoy.
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    You're an idiot.
    Case closed.
     

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