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Closing in on the yellow! Let's get 'er done! Thank you very much for your loyal support, Jim

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $78,014
Woo hoo!! And now over 88%!! Less than $10k to go!! Thank you all very much!!

Keyword: buffettownsmoodys

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  • Payback for a Downgrade? (The Feds sue S&P but not Moody's for pre-crisis credit ratings)

    02/06/2013 6:59:20 AM PST · by SeekAndFind · 13 replies
    Now, this is awkward. One agency of the federal government is suing a company for fraud while another agency continues to endorse it. On Monday in Los Angeles, the Department of Justice sued Standard & Poor's and its parent McGraw-Hill MHP -0.25% for $5 billion. The claim is that S&P committed civil fraud when it issued high credit ratings on mortgage-related securities prior to the financial crisis of 2008. Sixteen states and the District of Columbia have piled on the suit. No doubt investors who relied on the opinions of S&P and the other big credit-rating agencies, Moody's and Fitch,...
  • S&P fallout: Fannie and Freddie downgraded

    08/08/2011 7:50:32 AM PDT · by STARWISE · 73 replies
    CNN Money ^ | 8-8-11 | Charles Riley
    Credit rating agency Standard and Poor's on Monday downgraded the debt of mortgage finance giants Fannie Mae and Freddie Mac. The downgrades to AA+ are part of the continued fallout from the agency's decision to drop U.S. sovereign debt to AA+, an unprecedented move that rattled investors and sparked concern over the long-term impact of the action It was widely expected that S&P's downgrade of U.S. debt would roll downhill to other entities that are closely linked to the federal government.
  • Moody's says U.S. needs to find more deficit cuts

    08/08/2011 6:17:21 AM PDT · by markomalley · 52 replies · 1+ views
    Reuters ^ | Mon Aug 8, 2011 | Walter Brandimarte
    Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then. With U.S. markets still to open after rival Standard & Poor's stripped the United States of its AAA rating late on Friday, Moody's said in a statement its own decision to affirm the AAA rating on August 2 was on the condition that further cuts were found. "For the Aaa rating to remain in place, we...