Tag Archives: Credit Rating

If It Smells Like A Fish and Looks Like A Fish

Posted on October 2, 2011 at 2:50 pm by JM Ashby

It probably is a fish. WASHINGTON — The internal procedures of one of the world’s top three ratings agencies appear to allow leaks of its decisions, according to a report by the US Securities and Exchange Commission (SEC). At one … Continue reading →

Posted in Economy, Uncategorized | Tagged , , , , , | 1 Comment

Zero Credibility

Posted on September 3, 2011 at 6:15 pm by JM Ashby

Part of me believes the gross dysfunction of our Tea Party congress does actually warrant closer scrutiny by our banking overlords, but with that said, things like this make it increasingly difficult to take Standards & Poor’s seriously. Influential investors … Continue reading →

Posted in Epic Fail | Tagged , , , | 12 Comments

Walking On Water

Posted on August 17, 2011 at 8:00 pm by JM Ashby

Artist – John Cole In other news, the credit rating of New Jersey was downgraded today. Woops! Because the Republicans claim the president is responsible for the national downgrade, does that mean Chris Christie is responsible for the Jersey downgrade? … Continue reading →

Posted in Open Thread | Tagged , , , , | 2 Comments

The Market Reacts

Posted on August 9, 2011 at 8:00 pm by JM Ashby

Artist – David Fitzsimmons In other news, Rep. Joe Walsh may face an ethics investigation for failing to report the $117,000 he owes in child support on his financial disclosure forms, and the Tea Party astroturf group Americans for Prosperity … Continue reading →

Posted in Open Thread | Tagged , , , , , | 8 Comments

Standards Are Poor

Posted on August 8, 2011 at 8:00 pm by JM Ashby

Artist – Adam Zyglis In other news, the Seventh Circuit U.S. Court of Appeals ruled today that a lawsuit against former Secretary of Defense Donald Rumsfeld for the torture of American civilians in Iraq may continue, and Michele Bachmann has … Continue reading →

Posted in Open Thread | Tagged , , , , , | 3 Comments

The $2 Trillion Mistake

Posted on August 8, 2011 at 5:15 pm by JM Ashby

As has been widely reported, S&P briefly reconsidered their plans to downgrade the credit rating of the United States after the treasury pointed out to them that they miscalculated the nation’s debt by over $2 trillion dollars. It’s hard to … Continue reading →

Posted in Economy | Tagged , , , , | 8 Comments

Paul Ryan is a Lying Liar

Posted on August 7, 2011 at 3:30 pm by JM Ashby

Republican budget front-man, Paul Ryan (R-WI), apparently didn’t even read the press release where in S&P spelled out their reasoning for downgrading the credit rating of the U.S. from AAA+ to AA+. Here is Paul Ryan’s response to Chris Wallace … Continue reading →

Posted in Wingnuts | Tagged , , , , | 24 Comments