Will the Euro collapse

16 Jan 2012

Nice to see the Credit Ratings agencies agreeing over France, not
Standard and Poors (S&P) drops them from a AAA rating to a AA+ one, long speculated, whilst Moody's has said it is maintaining France's top AAA credit rating, whilst Fitch have also retained France as AAA.
Granted S&P similarly dropped America from a AAA rating to a AA+ the other month as well, so Sarkozy is in 'good company'.
As well as France, S&P also cut its ratings for Italy, Spain, Cyprus, Portugal, Austria, Slovakia, Slovenia and Malta because of the failure of policymakers to take sufficient action to resolve the debt crisis as governments needed to do more than cut spending to tackle high debt levels, as this alone undermined consumer demand and, therefore, economic growth.
The European Commission, the European Central Bank and the International Monetary Fund are also due to arrive in Athens early this week to assess whether or not to release the next tranche of its bailout funds to Greece.
With the Euro at pence (STG), just wondering when UK imports will actually seem cheaper here in the UK - though not holding breath.

16 Jan 2012

One has to ask HnS, who regulates the regulators?
S&P have got it wrong before, it seems.

16 Jan 2012

Quote by GnV
One has to ask HnS, who regulates the regulators?
S&P have got it wrong before, it seems.

would this be the standard and poors who rated, sliced and diced sub prime mortgages as triple A rated containing some form of secure value, that were sold to banks and bondholders around the world, that were not only worthless but toxic debt ? the same rating agency that rated lehman brothers and bear stearns to be sufficiently capitalised to meet there liabilities ? the same rating agency that earned millions in fee's from goldman sachs for auditing greece as having met the conditions to enter the euro ?
not the same rating agency surely ? not a rating agency downgrading sovereign states so that with the increased risk the interest on bond sales would rise giving a higher return to bondholders like their client goldman sachs surely ?
banks and rating agencies are not corrupt are they ? they would'nt force countries in the eurozone into debt just to steal germany's reserves would they, by forcing germany to underwrite that debt ? not the agency that rated M F Global as AAA or long term capital management as AAA ?
surely banking and finance is not that corrupt that it would make crazy bet's knowing that politicians who's election costs they fund would pass all their private debts onto the taxpayers at cost of austerty so they could enjoy the greatest of bonuses for failure ?
standard and poors, fitch, moody's and all the rest of them are stoolies of banking and finance who pays them and are just as corrupt as all the other fuckers in banking and finance. it's all a con.

16 Jan 2012

Quote by gulsonroad30664
One has to ask HnS, who regulates the regulators?
S&P have got it wrong before, it seems.

would this be the standard and poors who rated, sliced and diced sub prime mortgages as triple A rated containing some form of secure value, that were sold to banks and bondholders around the world, that were not only worthless but toxic debt ? the same rating agency that rated lehman brothers and bear stearns to be sufficiently capitalised to meet there liabilities ? the same rating agency that earned millions in fee's from goldman sachs for auditing greece as having met the conditions to enter the euro ?
not the same rating agency surely ? not a rating agency downgrading sovereign states so that with the increased risk the interest on bond sales would rise giving a higher return to bondholders like their client goldman sachs surely ?
banks and rating agencies are not corrupt are they ? they would'nt force countries in the eurozone into debt just to steal germany's reserves would they, by forcing germany to underwrite that debt ? not the agency that rated M F Global as AAA or long term capital management as AAA ?
surely banking and finance is not that corrupt that it would make crazy bet's knowing that politicians who's election costs they fund would pass all their private debts onto the taxpayers at cost of austerty so they could enjoy the greatest of bonuses for failure ?
standard and poors, fitch, moody's and all the rest of them are stoolies of banking and finance who pays them and are just as corrupt as all the other fuckers in banking and finance. it's all a con.
You really do spout some utter rubbish

18 Jan 2012

should make you a little happier Gulson wink