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Toe the line or pay the piper

derrybderryb Posts: 36,788 ✭✭✭✭✭
in Precious Metals
"Downgrade US rating and we will find something to punish you for even if we have to look into your pre-financial crisis past."

Add ratings agencies to the growing list of team players.



"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    That would be quite the expose. S&P would be exposed for taking the word of Freddie and Fannie on the quality of mortgages in their tranches before those govt agencies dumped them on unsuspecting brokerages for repackaging, and redistribution to their retail clients. The question is, is the govt willing to take a hit on the fraud that they helped perpetrate on the markets, and show the innocence of the brokerage houses that govt officials have been vilifying the past 4 years?
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭
    Let the show trials begin.

    Comrade Stalin would be proud.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    banana republic & kangaroo court

    it all makes sense to someone, somewhere who can see through all 33 layers of veneer, strategy and counter-strategy I'm sure. the Illuminati. not moi.

    back to American Idol and replay the SuperBowl half-time show
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭
    Can the usa sue itself claiming it misled investors. How much taxpayer money is going to be wasted on this political grandizing?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "back to American Idol and replay the SuperBowl half-time show"

    Yes, and the new TV season starts next week after a most watched in history superbowl. Now sit down and eat your meat. Everything is under control.

  • carew4mecarew4me Posts: 3,470 ✭✭✭✭
    I have no issue with holding these fraud rating agencies responsible.

    I do have a problem with selective targeting.

    We shall see. Lets hope S&P is the 1st of many, if so, then bravo!

    Loves me some shiny!
  • derrybderryb Posts: 36,788 ✭✭✭✭✭
    Would be neat if they countered with an immediate downgrade of US debt paper. A good offense is better than a good defense.

    the scam with the debt ratings agencies is that they are paid to rate a private issue by the issuer of what they are rating. It is in their best interest to overrate. Kinda like hiring a building inspector who works for the contractor doing the building.

    The role of Credit Rating Agencies

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>Let the show trials begin.

    Comrade Stalin would be proud. >>




    As would comrade Lenin I might add image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • CaptHenwayCaptHenway Posts: 32,114 ✭✭✭✭✭
    How about Comrade Hilton?

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    this little piggy went to market....

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    It would be funny if they further downgraded US securities as a result of this desperate attempt to intimidate the rating companies.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
    Maybe they got tired of telling a big fat lie and finally decided to come clean against the wishes of TPTB.image
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    They popped Egan-Jones for 18 months.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    And yet, still no bankers have been brought to trial, let alone convicted for trying to destroy the financial system while putting the US on the hook for tens of Trillions of dollars.
    The S&L crisis of the 1980's was only on the order of billions in losses and thousands were eventually charged and convicted. Banks are just too big to prosecute (TBTP).
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,788 ✭✭✭✭✭


    << <i>And yet, still no bankers have been brought to trial, let alone convicted for trying to destroy the financial system while putting the US on the hook for tens of Trillions of dollars.
    The S&L crisis of the 1980's was only on the order of billions in losses and thousands were eventually charged and convicted. Banks are just too big to prosecute (TBTP). >>


    Banks and bankers are agents of the Federal Reserve.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,095 ✭✭✭✭✭


    << <i>And yet, still no bankers have been brought to trial, let alone convicted for trying to destroy the financial system while putting the US on the hook for tens of Trillions of dollars.
    The S&L crisis of the 1980's was only on the order of billions in losses and thousands were eventually charged and convicted. Banks are just too big to prosecute (TBTP). >>




    Nor has anyone gone to jail purchase homes knowing they could never pay for them
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,788 ✭✭✭✭✭


    << <i>

    << <i>And yet, still no bankers have been brought to trial, let alone convicted for trying to destroy the financial system while putting the US on the hook for tens of Trillions of dollars.
    The S&L crisis of the 1980's was only on the order of billions in losses and thousands were eventually charged and convicted. Banks are just too big to prosecute (TBTP). >>



    Nor has anyone gone to jail purchase homes knowing they could never pay for them >>


    Not illegal to not pay a debt until a judge orders you to pay it and you then fail to pay it. Then you go to jail for contempt, not for failing to pay a debt.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Notice this is a civil trial. I believe this is how they'll go after everybody. Slap a fine and do no time.
  • derrybderryb Posts: 36,788 ✭✭✭✭✭
    mess with the bull and get the horns

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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