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S&P downgrades Venezuela
Posted on 08/19/2011 4:58:07 PM PDT by tsowellfan
Birds of a feather
S & P downgrades Obamas and Chavezs handling of economy
NEW YORK - Standard & Poor's downgraded Venezuela's credit ratings as it implemented a new methodology more heavily focused on political risk -- a key weakness in the oil-producing country.
S&P cut Venezuela's long-term sovereign rating to B-plus from BB-minus. The outlook on the new rating is stable.
TOPICS: News/Current Events
KEYWORDS: chavez; commiethugs; downgrade; obama; socialism
Oh no. This will really make Obama mad.
posted on 08/19/2011 5:00:20 PM PDT
Mr. Chavez has gold and oil.... what else is there?
posted on 08/19/2011 5:13:47 PM PDT
I sure hope S and P was rating Venezuela from New York. A reduction in rating there can result in a long jail sentence.
posted on 08/19/2011 5:28:11 PM PDT
You withdrawal hundreds of millions of dollars of gold from the global banking system you will get punished. It's like demanding your loan collateral back from the bank.
posted on 08/19/2011 5:30:47 PM PDT
(The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
Get punished? Hell, they’ll get invaded if they keep trying to get their gold back from the banksters.
posted on 08/19/2011 6:18:43 PM PDT
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