Breaking- S&P downgrades US credit rating

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  • Caligari
    Confirmed User
    • Oct 2009
    • 5414
    #1

    Breaking- S&P downgrades US credit rating

    S&P downgrades US credit rating
    http://news.yahoo.com/p-reconsiderin...001207261.html

    I wonder how the casino...er...stock market will look Monday...

    really these credit rating bureaus can suck a bowl of dicks, Moodys proved themselves incompetent in 2008 so what the hell...
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    • dyna mo
      just a fucking jerk
      • Dec 2008
      • 68184
      #2
      yay government, a well-deserved 5 week recess is in order.

        Comment

        • sweetcuties
          Confirmed User
          • Feb 2002
          • 5859
          #3
          Doesn't matter to me, not in market... holding real estate

            Comment

            • Houdini
              Confirmed User
              • Dec 2001
              • 1651
              #4
              1000 points down Monday?

                Comment

                • Barefootsies
                  Choice is an Illusion
                  • Feb 2005
                  • 42635
                  #5
                  Delicious.



                  Frankly I hope it gets much worse, and for a long enough period of time to wake up some voters, and put Republican heads on the chopping block in another couple of months. That should be a nice little reward for the budget bullshit.
                  Last edited by Barefootsies; 08-05-2011, 04:46 PM.
                  Should You Email Your Members?

                  Link1 | Link2 | Link3

                  Enough Said.

                  "Would you rather live like a king for a year or like a prince forever?"

                    Comment

                    • IllTestYourGirls
                      Ah My Balls
                      • Feb 2007
                      • 14311
                      #6
                      Im glad we didn't cut anything. Spend spend spend!

                        Comment

                        • Caligari
                          Confirmed User
                          • Oct 2009
                          • 5414
                          #7
                          If you think about it the rating system itself is pre-school in nature.

                          "I give you 3 A's United States, but I only give you one A Spain. Now who wants a gold star?"
                          ATTN Webmasters Cruel Bucks - LIVE Gonzo Does Not Pay
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                          Animal Rescue Click Here to Feed An Animal for Free

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                            • Agent 488
                              Registered User
                              • Feb 2006
                              • 22511
                              #8
                              fuck these crooked rating agencies who party caused the financial meltdown.

                              time for the people to start to look at who is really enslaving every country on earth: the banks.

                                Comment

                                • Barefootsies
                                  Choice is an Illusion
                                  • Feb 2005
                                  • 42635
                                  #9
                                  Originally posted by Agent 488
                                  look at who is really enslaving every country on earth: the banks.
                                  Should You Email Your Members?

                                  Link1 | Link2 | Link3

                                  Enough Said.

                                  "Would you rather live like a king for a year or like a prince forever?"

                                    Comment

                                    • Joshua G
                                      dumb libs love censorship
                                      • Jul 2008
                                      • 8198
                                      #10
                                      the market is extremely oversold if you read charts. Today could be interpreted as a blow off bottom, a huge down day but higher close with extreme volume. the bottom would be confirmed by a move to 11660 on the dow.

                                      expect a rally next week. Good luck.

                                        Comment

                                        • TheSquealer
                                          Mayor of Thneedville
                                          • Oct 2004
                                          • 26172
                                          #11
                                          Originally posted by Agent 488
                                          fuck these crooked rating agencies who party caused the financial meltdown.

                                          time for the people to start to look at who is really enslaving every country on earth: the banks.
                                          why? investors, the banks and the markets loved the great ratings they gave all the shit mortgage backed securities at the center of the financial crisis which they were initially giving "AAA" status. At this point its like Al Sharpton accusing people of racism just to stay relevant.


                                          Last edited by TheSquealer; 08-05-2011, 05:24 PM.
                                          .
                                          Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

                                          Rochard

                                            Comment

                                            • D Ghost
                                              null
                                              • May 2006
                                              • 9820
                                              #12
                                              Looks like the United States won't be able to open an AT&T account without putting down that $500 deposit.

                                                Comment

                                                • Caligari
                                                  Confirmed User
                                                  • Oct 2009
                                                  • 5414
                                                  #13
                                                  Originally posted by joshgirls
                                                  the market is extremely oversold if you read charts. Today could be interpreted as a blow off bottom, a huge down day but higher close with extreme volume. the bottom would be confirmed by a move to 11660 on the dow.
                                                  expect a rally next week. Good luck.
                                                  ATTN Webmasters Cruel Bucks - LIVE Gonzo Does Not Pay
                                                  ------------------------------------------------
                                                  Animal Rescue Click Here to Feed An Animal for Free

                                                    Comment

                                                    • AdultKing
                                                      Raise Your Weapon
                                                      • Jun 2003
                                                      • 15601
                                                      #14
                                                      A credit rating downgrade is deserved. What do you think the credit rating should be of a person who has a 150% mortgage on their house, 10 credit cards maxed out and then goes and gets another loan because they want to buy another Hummer rather than just get a normal car ?

                                                      The US Government and the US Business Community can't keep borrowing more than it earns and expect the world not to consider it a credit risk.

                                                        Comment

                                                        • Joshua G
                                                          dumb libs love censorship
                                                          • Jul 2008
                                                          • 8198
                                                          #15
                                                          the libby lib libs on MSNBC are tearing up the S & P, declaring their statement a political document. Nevermind that rating agencies jobs are to assess debt risk in the face of a runaway budget deficit that neither party wants to address. This is why the tea party is going to takeover the repubs, who cannot cut spending.

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