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Downgraded after 70 years, what do you think? *AAA->AA*

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Riftaxe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:35 PM
Original message
Downgraded after 70 years, what do you think? *AAA->AA*
warranted or not?
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MrModerate Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:38 PM
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1. I'm not qualified to judge. But that's OK, because based on their performance . . .
Neither is S&P.
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indurancevile Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:38 PM
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2. about as warranted as the triple a ratings they gave fraudulent securities during the real estate
bubble.

the same people who own the media & the politicians own the ratings agencies.
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:40 PM
Response to Reply #2
3. True - it's all one big con.
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WingDinger Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:40 PM
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4. They couldnt downgrade the credit defaults, so to save their pathetic reps
they try to show belated integrity. They should have been brought up onb treason charges.
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Riftaxe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 08:58 PM
Response to Reply #4
5. +1
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:31 PM
Response to Original message
6. 94 years - since 1917.
No this is Shock Doctrine Disaster Capitalism at work. The Banksters are dictating terms.
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