Posted on 04/20/2011 11:36:51 AM PDT by Sub-Driver
Didn’t these same rating agencies get stomped by the Feds recently for allegedly not reporting the true conditions of some financial entities? And now the Feds are trying to get S&P, etc., to lie FOR them?
I can’t stop laughing. IF this really is what the 0dumbo people told the S&P no wonder they downgraded.
are you kidding me ?:
“Treasury officials told S&P analysts that they were underestimating the ability of politicians in Washington to fashion a compromise to curb deficits, a Treasury official said. They argued a change in ratings was not needed at this time because the debt was manageable and the administration had a viable plan in the works, the official said.”
You can’t make this chit up and don’t need to.
Fox News shot themselves in the foot by having all kinds of opinion stuff on, all kinds of poor research, all kinds of overblown red meat...their credibility got shot so that even when they do good work, independents don’t trust it. :-(
Really; I could imagine the conversation:
Obama’s people: We hear you intend to downgrade our bond rating; what’s up with that?
S&P people: There is a bit more risk involved than previously, and that has to be disclosed and factored into prices.
Obama’s people: But the presient’s black; this just won’t do.
S&P people: That’s all well & good, but really has no bearing on this particular issue.
Obama’s people: Why do you hate black people?
Hmmm....attempting to influence a RATINGS COMPANY to lie about their findings on credit-worthiness-isn’t this a violation of law? Even more so since it is the executive branch attempting to squelch valuable information for not only investors, but citizens?
That gave me chuckle!
Its pretty obvious to me that S&P is racist. How else could they arrive at that credit evaluation.
I’m glad; I’m tired of this silliness. Better to laugh than cry, and I’m sure the real conversation was something like that.
One of the swat teams from the SEC sent to arrest them would have made a pretty convincing argument not to issue the warning. Maybe their riot shotguns and other gear hasn’t arrived yet.
The Man, just tryin’ to take down a brutha...
What lawful reason could they have to engage in misleading investors by interfering in this?
bump
No lawful reason,
but I think they’re just trying to keep the balls in the air for as long as possible so that the sheeple don’t catch on until it’s far too late.
all plans for his re-election hinge on everything hitting the fan AFTER January, 2013. The continued resistance to Obamacare plus this move are making that increasingly unlikely.
You’re certainly right about “why”, but the sheeple are seeing it every time they buy gas, food, and just about everything else with the exception of homes.
No lying by O’s media will conceal the fact that most Americans’ lives suck worse in the last 30 months; the problems may not have been caused by Obama, but he certainly has no solution - the emperor has no clothes, and it is plain for all to see.
They really are in a different world; no matter what they broadcast to the investors/nations of the world, it is very obvious that investing in US debt now is a bit more risky than it was one or two (or three or four) years ago. It may be difficult for a community activist to understand, but people who have worked hard to earn their money will be reluctant to sink it into an overly complex Ponzi scheme (where future payments are dependent on future suckers, I mean, taxpayers, to keep it going).
The list, ping
Let me know if you would like to be on or off the ping list
Blame Bush.
Stimulate the poor with some money
Stop wasting money protecting the borders
Get interviews all over TV
Ban electric toasters to save the planet
Send the Queen an apology for that gift
Send the Queen an updated set of Obama speeches
Blame Bush again
S&P response: You're insane. We're downgrading you to "negative".
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