S&P Goldman JP and downgrades of US and maybe France - a theory

underpants

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Wed Aug-10-11 07:58 PM
Original message

S&P Goldman JP and downgrades of US and maybe France - a theory

The ratings agencies started getting paid by the bond issuers in the 70's because of Xerox copies - one person buys and copies the report for multiple others.

We all know that S&P and Moody's turned a blind eye to doing their due diligence that lead to the Great Recession

So now S&P downgrades the US and now, as I hear, they may downgrade France

Who wins in this situation? Who, as with Greece, can make demands of infrastructure as payment on the loan that they hold?

Conspiracy theory? Yes. Way too much of a coincidence? You tell me.

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Turbineguy

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Wed Aug-10-11 08:01 PM
Response to Original message

1. Moody's has affirmed

France as AAA. In the news tonight.

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