[Kartographer]

The dominoes should start falling soon now

[anniegetyourgun]

Here we go....

[blueyon]

DIVE....DIVe..DIve....Dive...............

[Rummyfan]

The agency downgraded the rating by four notches to Ba1, placing it one notch into junk status. The outlook is stable.

Of course - stable junk! Who's next - Spain?

[MNDude]

so, what now?

[A Balrog of Morgoth]

That is going to leave a mark.

[RetroSexual]

[meyer]

The horse has been out of the barn for quite some time. And they’ve now decided to close the door?

[emax]

All of Eastern Europe is going to be going thru times that make America even now look like one Big New Years Eve blowout. Serbia, Ukraine, Bulgaria, Romania, all of them are going to go under very bad it seems. Heart wrenching, as these nations full of honorable and God loving good people have suffered mnore than enough for several lifetimes. They have hapless, quasi socialist govt’s and it seems like too many people there are breaking from their genuine Christian roots-I sure hope and pray I am wrong about this- and that is making it worse. At soem point they will say enough; after suffering Communism to various degrees and colonialism from Turks (Bulgariam, Serbia), Germans (Serbia) and Russians (Ukraine) I imagine there is not much more they will tolerate.

[hennie pennie]

What’s your take on this? Is it as dire as it sounds?

[Pessimist]

Closing the barn door after the horses are out.

[Tzimisce]

Coming soon to a nation near you.

[Vaquero]

My Diner Futures!

[Professional]

Moody’s was paid for that opinion...

[cranked]

Bingo.....Portugal, Spain, France, UK, etc. are next......

[Gideon7]

Don’t worry, Al Franken’s amendment to nationalize the security rating system means that US debt will always be rated AAAAAAAAAA.

http://blogs.wsj.com/deals/2010/05/13/al-frankens-credit-rating-amendment-is-no-joke/

[redgolum]

And they were not junk before?