S&P is Making $$$ on Screwing US, Right?

sfpcjock

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Sun Aug-07-11 03:11 PM
Original message

S&P is Making $$$ on Screwing US, Right?

Edited on Sun Aug-07-11 03:26 PM by sfpcjock

...no pun intended. They've bought Eric Cantors shorts on U.S. T-Bills and are happily sitting around betting with massive Credit Default Swap derivatives--still legal--for the imminent collapse of the Italian economy. Italy now has to borrow at 6% which isn't sustainable and the Italian economy is really too big to be bailed out by Germany, as Alan Greenspan mentioned this morning on Meet the Press, and as they know.

Today, 2 days after their Friday proclamation, S&P announced that there may be more credit rating cuts coming for the U.S. unless we push their derivative bets higher? Just guessing. What do you know?

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Rex

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Sun Aug-07-11 03:13 PM
Response to Original message

1. Dunno. How do they actually make their money?

Edited on Sun Aug-07-11 03:15 PM by Rex

Is it pure speculation?

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sfpcjock

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Sun Aug-07-11 03:20 PM
Response to Reply #1

2. Well, this is the standard thing

Edited on Sun Aug-07-11 03:40 PM by sfpcjock

...no pun intended. They have inside knowledge that they plan to devalue US credit--even have a $2 trillion error, according to the Treasury Dept.--and they pass that information on to big derivative betting banksters on Wall Street. It could happen. The Israeli stock market is the only one open now and it tanked according to Greenspan.

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midnight

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Sun Aug-07-11 03:21 PM
Response to Original message

3. Why is this legal?

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sfpcjock

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Sun Aug-07-11 04:04 PM
Response to Original message

4. My view is that speculative interests are getting ants in the pants,

they realize that a recovery they could bet long on is a while down the road under the best circumstances, and they want a very big item to short and make a lot of fast money on now--so they made one.

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Orangepeel

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Sun Aug-07-11 04:11 PM
Response to Original message

5. Seems likely (nt)

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tsuki

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Sun Aug-07-11 04:18 PM
Response to Original message

6. Italy is investigating S&P and Moody's. nt

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Rex

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Sun Aug-07-11 04:19 PM
Response to Reply #6

7. GOOD!

Someone needs to do it!

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sfpcjock

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Sun Aug-07-11 05:58 PM
Response to Original message

8. I mean

look at the name "Standard & Poors". Who do they make "Poor" this week? That's the only question. They have a bad reputation for undervaluing public offerings and for overvaluing private ones. It is a division of the McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. Just saying.

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Gin

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Sun Aug-07-11 06:27 PM
Response to Reply #8

9. Moodys guy said on a panel today that they have the US on a "watch"

something is wrong with the power they can wield in a country.

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