Skip to comments.PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH
Posted on 07/13/2011 2:41:49 PM PDT by kcvl
Well, I hope comrade zero and the scumbag dhims are happy, they are getting what they wanted.
Obamunism: it’s bad for America.
The financial industry supported Obama last election
And Moody's is supporting him now. There is no way the US will default no matter what happens with the debt ceiling and Moody's knows that!
That is right. Moodys is simply following the herd, that is what ratings companies do.
Hmm, I notice the DJIA finished up 44 pts today.
It was over 140 when I checked early this morning.
Thanks Obama, you ****.
The danger to the creditworthiness of the US is not the question of raising the statutory limit on debt.
The danger is failure to control government spending and the smothering by government of the private economy.
They still do . This is meant to put pressure the surrender monkey's . Along with scaring the geezers this should get Boner to wave the white flag. O and company know they are dealing with a flotilla of morons and cowards.
Just unreal. People need to get off their asses and get someone else in the White House.
And don't get me started about those who sat on their hands and didn't support McCain/Palin.
See my tagline...ahem.
The pressure is mounting today in every media outlet. The reporting is so dishonest it’s mind-blowing.It is important to remember that most of these Wall Street dudes support Obama and socialism/ crony capitalism. I take what they say with a grain of salt. So what if the markets crash...it is going to happen sooner or later when we cannot service Obama’s debt anymore no matter how high we raise the debt ceiling. It is going to happen regardless due to the worsening depression and sinking dollar. And it is sure as hell is going to happen when Obamacare goes into full effect.
and so it begins?
Moody’s= Rent A Rating
“...flotilla of morons and cowards.”
This is all nonsense. The best thing that could ever happen to the credit rating of the country would be for the debt limit not to be raised. It would tell the whole world that going forward, we will only be spending the money that comes in, and will not be going deeper into debt.
Look at it on an individual basis. Who is a better credit risk, a person who keeps going deeper and deeper into credit card debt, or a person who has debt, but is gradually paying it off?
America was downgraded when Obama got elected.
“This is just unbelievable.
Obama takes office, and 2 years later our nation is using the word default?”
We went from loaner to debtor under Reagan, so hard to tell what the impact of this will be, but probably won’t be good.
Who cares?! This is more of the mainstream hype. If we refused to raise the debt ceiling and began to cut spending pay down our debt we would be at the top of the ratings before long.
This could really put more pressure on Obama and the Senate Dems if the Repubs play their cards right:
Go for as many cuts as they can get- and stick the BBA in there- and pass it in the House and then amp up pressure on the “moderate” Dems in the Senate to pass it. (Most Americans won’t object to the BBA being part of it- they’ll support future restrictions on gov’t spending, and it doesn’t cut their benefits now, etc.). Obama could fold if it’s done properly, and late in the game.
If not, do a short-term extension for a smaller amount and call Obama’s bluff- let him veto it if he desires.
Is this the same Moody’s that didn’t rate Mortgage Backed Securities AAA and saw the financila crisis coming long before it hit ? /s
Moody’s playing along with obama. Is there any entity that isn’t corrupt?
financila = financial
Profound! That is worthy of a tagline!
I would bet anything that Obama & Company pressured and pushed for this.
They want this so that they can say, "See? See what'll happen if you don't raise the ceiling?"
Day by day, we’re becoming more and more like Greece.
Thanks for not caring America. :)
Now pay your taxes, your government needs the money.
Downgraded on Obama’s watch.
On July 13, 2011, Moodys placed the U.S. Government bond ratings on review for possible downgrade. Because of the large number of rating reviews resulting from this action, ratings appearing on this website may not yet reflect current information. For current information, please visit US Sovereign Rating page
“Obama Ends U.S. Travel Ban On Visitors, Immigrants With HIV-AIDS”
October 30, 2009 1:26 PM
Flood the US with....
AIDS (and other diseases)
real, actual floods
Investors snapped up the $340.7 million CDO, a collection of securities backed by bonds, mortgages and other loans, within days of the Dec. 12, 2000, offering. The CDO buyers had assurances of its quality from the three leading credit rating companies --Standard & Poor's, Moody's Investors Service and Fitch Group Inc. Each had blessed most of the CDO with the highest rating, AAA or Aaa.
Moodys Investors Service said Wednesday it has put the U.S. governments top-notch credit rating on review for a possible downgrade because of the risk that Washington will not raise the federal debt ceiling in time to avoid a default.
The firm added that even a brief failure of the government to pay its bills would mean that the United Statess Aaa rating would likely no longer be appropriate.
The announcement comes after Standard & Poors, another of the major credit rating agencies, has said that it would dramatically downgrade the U.S. governments credit rating if payments were missed.
The U.S. has long been able to borrow money cheaply because global investors believe the government can be counted on to repay its debts. If credit rating agencies downgrade the U.S. and investors lose their faith in the creditworthiness of the government, the cost of borrowing money in other words, the interest rate could rise.
The Treasury Department has said that on Aug. 2, it will run out of legal tools to meet the governments financial obligations in the absence of an agreement to raise the $14.3 trillion legal limit on how much debt the government can maintain.
The Moodys review is prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes, an announcement from the firm said Wednesday. Moodys considers the probability of a default on interest payments to be low but no longer to be de minimis.
It added that an actual default, or failure by the federal government to pay its bills, would fundamentally alter Moodys assessment of the timeliness of future payments.
“The vision for change comes from me,” Obama said after announcing his formation of a President’s Economic Advisory Board, modeled after former President Dwight Eisenhower’s intelligence advisory board.
“The old ways of thinking and the old ways of acting just won’t do.”
“Obama: I’m the one with vision of future”
Published: Nov. 26, 2008 at 11:29 AM
Moodys also has placed on review several companies that enjoy implicit backing of the federal government, most notably the mortgage finance giants Fannie Mae and Freddie Mac.
A senior Treasury Department official pointed to the Moodys announcement as evidence that Congress needs to act to raise the debt ceiling.
Moodys assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the countrys obligations and agree upon a substantial deficit reduction package, said Jeffrey A. Goldstein, the Treasury undersecretary for domestic finance, in a statement.
Coffee mugs and t shirts!
Barack Obama, presenting Moody's largest shareholder with some serious bling.
The first thing the GOP needs to do before that bill is pass a bill guaranteeing SS and Medicare benefits to seniors. If the Rats reject that then if we do go into default Obama can't play the fear card.
bingo. tHEY SHOULD DO THAT ASAP AND THEN LET OBAMA STEW IN IT.
That cinches it.
The Obama Administration is behind this 100%.
This just doesn’t make sense to me. Let’s say I owe 10k on my credit card that has a 10k limit, and the bank strongly recommends that I sell something and pay it down, or stop using the card. Then the Credit Bureau downgrades my credit rating because I refuse to increase my credit limit which is already more than I can afford. How credible can the Credit Bureau actually be?
Wait! We've GOT to bail out these banks! They're to big too fail!! If we don't do TARP, all Hell will break loose! The country will be ruined!
Wait! We've GOT to increase the debt ceiling! If we don't, all Hell will break loose! The country will be ruined!
Calling all fools! Be on the lookout for Henny democrat Penny and her media shills!!! Your shame is waiting...
I sure wish that we could have put all these rating agencies out of business when it became so provably obvious in 07 that their ratings were for sale, and had nothing to do with quality at all. Of course that would mean all the big bankers and such would have been exposed as well so we could not do that.
Now we have ratings agencies threatening our credit rating because we may not keep borrowing. Never-mind that we will still have the money to pay interest on out debt, and we will still have money for SS for a little while too. Remember that for a little while SS still takes in almost enough to cover itself.
Here is moody’s saying borrow more money or you will loose your credit rating. Exactly backwards. Well what it proves is that the ratings agencies are part of the scam to drive America into ruins, and lay the conditions to bring in the new world economic system. Everything is corrupt at this time.
I don't think there is a single organization that deserves more credit for O's election than Moody's. Some day someone will write that book.
And he’s pulling in tens of millions again. Anybody wanna guess where it’s coming from?
Can you say “Downgrad Risk?”
Or “Credit Risk?”
I knew you could.
Ride, Bond Vigilantes, Ride!