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Posted on 07/13/2011 2:53:33 PM PDT by Nachum
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service said late Wednesday it placed the U.S. government's triple-A bond rating on review for possible downgrade due to rising risk of default. "The review of the U.S. government's bond rating 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. As such, there is a small but rising risk of a short-lived default," Moody's said. The rating agency stressed that it considers the probability of a default to be low but no longer minimal.
(Excerpt) Read more at marketwatch.com ...
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Obama is going to leave the US government as nothing but a smoldering hulk.
This is what Obama wants.
This is why Republicans and Tea Partiers and Conservatives are all at each others’ throats.
We’re all in a Cloward-Piven pincer and about to be crushed by a communist amateur.
What the h*ll?? Moody’s should have put the USA on credit watch right after ObamaCare was passed, because that’s when we as a nation jumped the financial shark.
So is Moody’s helping the Obomunist by putting pressure on GOP to cave?
Hulk is too nice of a word.
Bingo.
Ding Ding Ding....Jackpot!!
LOL, as CNN Money posts as news (not opinion) that Moodys is giving the Republicans what they “desperately want.” A downgrade from our AAA rating.
They don’t even try to hide the bias.
LOL, as CNN Money posts as news (not opinion) that Moodys is giving the Republicans what they “desperately want.” A downgrade from our AAA rating.
They don’t even try to hide the bias.
First Obama solicited his most ardent fans, the corrupt media, now Moody’s to get more money out of our wallets through taxes, or as Obama calls it, ‘revenues’. What perfect timing....
And who believes it will actually be downgraded on Obama’s watch?
I didn’t think so either...even though it would be deserved...
Exactly.
More propaganda from the Kenyan, who appears to have enlisted the rating agencies in his subterfuge about what default means.
Definition of Default on Investopedia - 1. The failure to promptly pay interest or principal when due.
We currently have significant excess interest coverage, to the tune of 20X.
We can rollover maturities.
Just misleading the sheeple.
I don’t necessary see this as a bad thing... Clearly the federal and state governments cant be trusted to handle money.
Cutting up the credit card may be appropriate.
Give the banksters their money and socialist globe, or else.
The US is being an uppity “state” in the New World Order.
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