Welcome Guest
( Log In | Register )
The time is now 11:36 pm
You last visited June 22, 2017, 11:14 pm
All times shown are
Eastern Time (GMT-5:00)

Is S&P being intimidated?

Published:

Senate panel reviewing S&P downgrade -- Mon Aug 8, 2011
http://www.reuters.com/article/2011/08/08/us-usa-debt-congress-idUSTRE7775UO20110808
(Reuters) - The Senate Banking committee has begun looking into last week's decision by Standard and Poor's to downgrade the U.S. credit rating, a committee aide told Reuters on Monday.
(Wouldn't you like to be able to do that in the private sector? Got a bad review? Hint that you might haul 'em in front of the Senate)

SEC Reviews S&P Math, Possible Leak of Rating -- Sat Aug 12, 2011
http://www.bloomberg.com/news/2011-08-13/sec-reviews-s-p-math-possible-leak-of-rating.html
The Securities and Exchange Commission is reviewing the method Standard & Poor’s used to cut the U.S.’s credit rating and whether the firm properly protected the confidential decision, according to a person with direct knowledge of the matter.
(Since when does the SEC know how to check someone else's math?)

Warren Buffett also criticized the rating company’s decision, saying the U.S. merits a “quadruple A” rating, but how seriously can that be taken when his company owns over 10% of the competition?
http://finance.yahoo.com/q/mh?s=MCO+Major+Holders

The story ends before we find out what happened to the boy who pointed out the emperor was naked.
Apparently, he's given a sound flogging. Hit With Stick

Entry #607

Comments

1.
jarasanComment by jarasan - August 13, 2011, 7:29 pm
Of course, that is the way the fascists have been operating now for over 2 and half years. The more they do it the more their true intentions and modus operandi are on display for even the not interested to see.
2.
sully16Comment by sully16 - August 13, 2011, 8:01 pm
Chicago thuggery.
3.
JAP69Comment by JAP69 - August 13, 2011, 10:36 pm
Pres O knew about the warning about a possible downgrade during the debt ceiling fiasco. He got his debt ceiling raised unti 2012. Did not get his tax increases. S&P downgrades. what on the table again now? WALA tax increases.
You will no doubt see the tax increases come about in the WALA super committee.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.