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PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH
http://drudgereport.com/ ^

Posted on 07/13/2011 2:41:49 PM PDT by kcvl



TOPICS: News/Current Events
KEYWORDS: a1pork; bhoeconomy; bhofascism; bipartisan; commodities; creditdowngrade; default; democrats; dollar; downgrade; economy; hopeychangey; liberalfascism; nobama2012; obama; obamadepression; obamanomics; obamunism; oil; socialism; socialistdemocrats; soros; taxcheatparty; teachers
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1 posted on 07/13/2011 2:41:52 PM PDT by kcvl
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To: kcvl

Well, I hope comrade zero and the scumbag dhims are happy, they are getting what they wanted.


2 posted on 07/13/2011 2:44:10 PM PDT by mapmaker77
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To: kcvl

Obamunism: it’s bad for America.


3 posted on 07/13/2011 2:44:26 PM PDT by Gene Eric (*** Jesus ***)
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To: kcvl

The financial industry supported Obama last election


4 posted on 07/13/2011 2:44:56 PM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: mapmaker77
Well the GOP will cave for sure now..
5 posted on 07/13/2011 2:45:24 PM PDT by Hojczyk
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To: kcvl
Tightening down the screws by Bowbama and crew. Obamunism isn't working! Time for him to GET OUT OF OUR HOUSE!
6 posted on 07/13/2011 2:46:15 PM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: xzins
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!

7 posted on 07/13/2011 2:49:38 PM PDT by pgkdan (Time for a Cain Mutiny!)
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To: pgkdan

That is right. Moodys is simply following the herd, that is what ratings companies do.


8 posted on 07/13/2011 2:51:30 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: kcvl

Hmm, I notice the DJIA finished up 44 pts today.

It was over 140 when I checked early this morning.


9 posted on 07/13/2011 2:51:54 PM PDT by Signalman
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To: kcvl

Thanks Obama, you ****.


10 posted on 07/13/2011 2:52:29 PM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: kcvl

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.


11 posted on 07/13/2011 2:52:53 PM PDT by Meet the New Boss
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To: xzins
“The financial industry supported Obama last election”.

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.

12 posted on 07/13/2011 2:53:19 PM PDT by fantom (,)
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To: kcvl
This is just unbelievable.
Obama takes office, and 2 years later our nation is using the word “default”?

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.

13 posted on 07/13/2011 2:55:04 PM PDT by HereInTheHeartland (Real hope and change comes in January 2013)
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To: HereInTheHeartland
And don't get me started about those who sat on their hands and didn't support McCain/Palin.

See my tagline...ahem.

14 posted on 07/13/2011 2:58:23 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: kcvl

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.


15 posted on 07/13/2011 2:58:39 PM PDT by penelopesire (Let The Congressional Hearings Begin!)
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To: kcvl

and so it begins?


16 posted on 07/13/2011 2:58:58 PM PDT by ConservativeDude
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To: DonaldC

Moody’s= Rent A Rating


17 posted on 07/13/2011 3:02:03 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: kcvl
and America takes another one in the........


18 posted on 07/13/2011 3:03:40 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: fantom

“...flotilla of morons and cowards.”
FOMC


19 posted on 07/13/2011 3:06:17 PM PDT by JustAnotherOne (Perry-Huntsman 2012)
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To: kcvl
PRESSURE: MOODY'S PUTS USA ON DOWNGRADE WATCH

Me, too.

20 posted on 07/13/2011 3:08:25 PM PDT by Palmetto Patriot (How much better off would we be if these bastards would just leave us alone?)
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To: kcvl

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?


21 posted on 07/13/2011 3:10:52 PM PDT by arista
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To: kcvl

America was downgraded when Obama got elected.


22 posted on 07/13/2011 3:11:46 PM PDT by mandaladon (PalinGenesis)
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To: HereInTheHeartland

“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.


23 posted on 07/13/2011 3:13:47 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: kcvl

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.


24 posted on 07/13/2011 3:15:12 PM PDT by AdaGray
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To: kcvl

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.


25 posted on 07/13/2011 3:15:28 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: kcvl

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


26 posted on 07/13/2011 3:18:06 PM PDT by PMAS
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To: pgkdan

Moody’s playing along with obama. Is there any entity that isn’t corrupt?


27 posted on 07/13/2011 3:20:29 PM PDT by jersey117
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To: PMAS

financila = financial


28 posted on 07/13/2011 3:21:53 PM PDT by PMAS
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To: HereInTheHeartland
Obama takes office, and 2 years later our nation is using the word “default”?

Profound! That is worthy of a tagline!

29 posted on 07/13/2011 3:25:36 PM PDT by VRW Conspirator (Obama takes office, and 2 years later our nation is using the word “default”? -HereInTheHeartland)
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To: mapmaker77
Well, I hope comrade zero and the scumbag dhims are happy, they are getting what they wanted.

I would bet anything that Obama & Company pressured and pushed for this.

Anything.

They want this so that they can say, "See? See what'll happen if you don't raise the ceiling?"

30 posted on 07/13/2011 3:28:19 PM PDT by mountainbunny
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To: kcvl

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.


31 posted on 07/13/2011 3:29:21 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: kcvl

Downgraded on Obama’s watch.

Fitting.


32 posted on 07/13/2011 3:29:27 PM PDT by Freddd (NoPA ngineers.)
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To: Freddd

On July 13, 2011, Moody’s 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

http://www.moodys.com/


33 posted on 07/13/2011 3:32:49 PM PDT by kcvl
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To: mandaladon

“Obama Ends U.S. Travel Ban On Visitors, Immigrants With HIV-AIDS”

October 30, 2009 1:26 PM

http://blogs.abcnews.com/politicalpunch/2009/10/obama-ends-travel-ban-on-foreigners-with-hivaids.html

Flood the US with....
AIDS (and other diseases)
illegals
Muslims
debt
unemployment
real, actual floods


34 posted on 07/13/2011 3:33:40 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: Freddd
CDO Boom Masks Subprime Losses, Abetted by S&P, Moody's, Fitch

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.

35 posted on 07/13/2011 3:34:54 PM PDT by scooby321
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To: mapmaker77

Moody’s Investors Service said Wednesday it has put the U.S. government’s 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 States’s Aaa rating “would likely no longer be appropriate.”

The announcement comes after Standard & Poor’s, another of the major credit rating agencies, has said that it would dramatically downgrade the U.S. government’s 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 government’s 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 Moody’s 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. “Moody’s 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 Moody’s assessment of the timeliness of future payments.”

http://www.washingtonpost.com/business/economy/moodys-moves-one-step-closer-to-downgrading-us-debt/2011/07/13/gIQAPRUyCI_story.html


36 posted on 07/13/2011 3:36:14 PM PDT by kcvl
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To: All

DONATE


37 posted on 07/13/2011 3:37:52 PM PDT by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
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To: Tzimisce

“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

Read more: http://www.upi.com/Top_News/2008/11/26/Obama-Im-the-one-with-vision-of-future/UPI-73741227716954/#ixzz1S1iTyI00


38 posted on 07/13/2011 3:38:03 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: mountainbunny

Moody’s 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 Moody’s announcement as evidence that Congress needs to act to raise the debt ceiling.

“Moody’s assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the country’s obligations and agree upon a substantial deficit reduction package,” said Jeffrey A. Goldstein, the Treasury undersecretary for domestic finance, in a statement.

http://www.washingtonpost.com/business/economy/moodys-moves-one-step-closer-to-downgrading-us-debt/2011/07/13/gIQAPRUyCI_story.html


39 posted on 07/13/2011 3:38:50 PM PDT by kcvl
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To: VRW Conspirator

Coffee mugs and t shirts!


40 posted on 07/13/2011 3:41:09 PM PDT by HereInTheHeartland (Real hope and change comes in January 2013)
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To: kcvl

Barack Obama, presenting Moody's largest shareholder with some serious bling.

41 posted on 07/13/2011 3:45:30 PM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: kcvl
This is why the GOP led House needs to pass a debt ceiling increase with equal or greater cuts, send it to the Rat controlled Senate and let them deal with it. They can take it or leave it but the consequences will be on them.

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.

42 posted on 07/13/2011 3:48:06 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: tobyhill

bingo. tHEY SHOULD DO THAT ASAP AND THEN LET OBAMA STEW IN IT.


43 posted on 07/13/2011 3:48:56 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who won’t leave.)
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To: kcvl

That cinches it.

The Obama Administration is behind this 100%.


44 posted on 07/13/2011 3:51:23 PM PDT by mountainbunny
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To: kcvl

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?


45 posted on 07/13/2011 3:52:35 PM PDT by sanjuanbob (Festina Lente)
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To: kcvl
Fool me once, shame on you.
Fool me twice, shame on me.

September, 2008:
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!

July 2011:
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...

46 posted on 07/13/2011 4:00:12 PM PDT by Alas Babylon!
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To: kcvl

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.


47 posted on 07/13/2011 4:00:30 PM PDT by Revel
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To: PMAS
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

Oustanding post!

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.

Regards,

TS

48 posted on 07/13/2011 4:04:18 PM PDT by The Shrew (www.wintersoldier.com; www.tstrs.com; The Truth Shall Set You Free!)
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To: xzins

And he’s pulling in tens of millions again. Anybody wanna guess where it’s coming from?


49 posted on 07/13/2011 4:14:03 PM PDT by Scanian
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To: kcvl

Can you say “Downgrad Risk?”

Or “Credit Risk?”

I knew you could.

Ride, Bond Vigilantes, Ride!


50 posted on 07/13/2011 4:15:14 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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