Don't fall for the downgrade. Just a little shock doctrine to disorient you.

mmonk

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Sat Aug-06-11 07:01 AM
Original message

Don't fall for the downgrade. Just a little shock doctrine to disorient you.

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mmonk

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Sat Aug-06-11 07:25 AM
Response to Original message

1. This is purely political people.

Edited on Sat Aug-06-11 07:26 AM by mmonk

S&P has been pretty much been discredited. This is to orient your thinking to more deficit obsession debate instead of jobs to further gut social spending. Wake up please.

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MaeScott

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Sat Aug-06-11 07:30 AM
Response to Reply #1

2. Exactly. Dead on. K and R. nt

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NightWatcher

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Sat Aug-06-11 07:32 AM
Response to Original message

3. Are you sure they're not trying to Greece us?

You know, bankrupt us then swoop in to privatize and buy our public works and infrastructure for pennies on the dollar so they can then charge us for every drop of water we drink, mile we drive....

It could be argued they started this by hyping those credit defaults and unsecured subprime mortgage bundles when they knew they were shit.

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mmonk

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Sat Aug-06-11 07:42 AM
Response to Reply #3

5. For example, if they start down the road of privatizing social security,

it will add up to trillions in transfer to Wall Street. That's just one example.

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sendero

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Sat Aug-06-11 07:38 AM
Response to Original message

4. What you or I ..

... think about our debt rating is irrelevant. What Treasury buyers think is pretty important.

The bottom line question is : will this affect Treasury rates? And the answer is almost certainly "NO".

People buying Treasuries don't need an idiot outfit like S&P, who never saw a securitized mortgage bond they didn't like, even when said bond was well on its way to being valueless, to tell them what a Treasury bond is worth.

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