standard and poor downgrades tea party

[amos]

...one day after chris christie bitchslaps tea party....meanwhile rick perry convenes a gathering of flaming theocrats

[Ammianus]

Au Contraire, Amos, you should be mightily impressed. The Tea Party managed to do in one week what the gargantuan Fed and the insidious Obamanation couldn't do after exerting all their might in the last two years.

[monster_gardener]

Not just the Tea Party..............

S&P downgraded Pres. Obama, the Entire Washington Establishment (both ReThuglicans and DemonRats) and we who elected them or failed to elect wiser & less corrupt leaders.

But how much faith should we put in S&P?

Didn't it do a Standardly Poor job rating the financial schemes of the Killer Klowns from Financial Space a.k.a. Banksters, Wall Street.


Credit rating agencies such as Standard & Poor's have been subject to criticism in the wake of large losses beginning in 2007 in the collateralized debt obligation (CDO) market that occurred despite being assigned top ratings by the CRAs.

Credit ratings of AAA (the highest rating available) were given to large portions of even the riskiest pools of loans. Investors, trusting the low risk profile that AAA implies, purchased large amounts of CDOs that later became unsellable. Those that could be sold often took staggering losses. For instance, losses on $340.7 million worth of CDOs issued by Credit Suisse Group added up to about $125 million, despite being rated AAA by Standard & Poor's.[6]

Despite common misconceptions, Standard & Poor's didn't rate the two major Icelandic banks, Kaupthing and Landsbanki.[citation needed]

Companies pay Standard & Poor's to rate their debt issues. As a result, some critics have contended that Standard & Poor's is beholden to these issuers and that its ratings are not as objective as they should be.


http://en.wikipedia.org/wiki/Standard_% ... #Criticism"

[noddy]

[Mr. Perfect]

I guess more cuts!!!!!!

[Mr. Perfect]

[Mr. Perfect]

[Mr. Perfect]

Why does everything keep going my way? What did I do in a previous life to be this fortunate? Why does everything keep getting better and better?

[noddy]

just make sure you have both a jim beam/jack daniels singlet and a tie died bob marley shirt in your wardrobe so you can pass through any angry group in style.

[Mr. Perfect]

It's a Tea Party nation, I fit in everywhere. The parts that don't like me, the testosterone deficiency is so high there they shriek and run away.

[Mr. Perfect]

[Mr. Perfect]

We're coming for your benefits. We're coming.

[Mr. Perfect]

Oh, and tax cuts are coming. They are coming.

[Mr. Perfect]

So I guess Paul Krigman is pretty much a humiliated discredited person?

[Ammianus]

Ah Mr Perfect, I take it you would have been just as happy if the S&P had maintained its AAA?

I think I know the answer