Moody's ratings are useless

It would be more surprising if there weren't these issues, IMO.
 
FluffyMcDeath said:
For all the usual corrupt reasons ...

Of course, all other ratings agencies have the same problems.
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No shocker there! It make you wonder why S&P really downgraded US debt, which had the effect of forcing the US gov's hand to finally "investigate". Someone powerful was twisting arms at S&P. The Chinese?
 
redrumloa said:
No shocker there! It make you wonder why S&P really downgraded US debt, which had the effect of forcing the US gov's hand to finally "investigate". Someone powerful was twisting arms at S&P. The Chinese?
Click to expand...

I'm betting Soros since the rumor is someone placed a $880M USD bet on a 10:1 payout. Yes, Soros has a history of doing such things. Get use to it, as the economy and the USD fall, the financial sharks will start to short it causing it to collapse. This is going to be the largest wealth transference in human history. The key will be the middle east's transformation, Moammar took longer then expected to over throw by the Muslim Brotherhood. Next up is Syria and finishing up Yemen. Next year will be Saudi Arabia area and goodbye oil flow which will shoot oil up to $150-$200 (plus inflation) which will be the straw that breaks the EURO's back and begin a cascading effect to the USD in late 2012 or early 2013 then cascade on to other currencies. Of course, "new" massive oil fields will be announced to keep a oil flowing, at $150-$200 @ barrel.

The New World Order as far as countries will be China, India, and then USA.
 
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