S&P strips US of 'AAA' Credit rating in historic move..!

[jackovesk]

The Wall Street Journal August 06, 2011

http://resources1.news.com.au/images/2011/08/06/1226109/696137-white-house.jpg
S&P has downgraded its rating on US Treasury debt. Source: AFP


A CORNERSTONE of the global financial system was shaken today when officials at ratings firm Standard & Poor's said US Treasury debt no longer deserved to be considered among the safest investments in the world.

S&P removed for the first time the triple-A rating the US has held for 70 years, saying the budget deal recently brokered in Washington didn't do enough to address the gloomy long-term picture for America's finances.

It downgraded US debt to AA+, a score that ranks below Liechtenstein and more than a dozen other countries, and on par with Belgium and New Zealand. S&P also put the new grade on "negative outlook", meaning the US has little chance of regaining the top rating in the near term.

The unprecedented move came after several hours of high-stakes drama.

Note: You can read the rest of the lengthy article here...However it is mostly more BS, Spin & Propaganda

http://www.theaustralian.com.au/business/markets/markets-on-edge-as-sp-downgrades-uss-coveted-aaa-credit-rating/story-e6frg916-1226109695156

PS - The Fraud-Squeeze is Ramping-Up and Time is Running Out..! Just like they Planned It..!

http://t2.gstatic.com/images?q=tbn:ANd9GcSmZKe0XIa9u6oFpZTf0YfHxnfpzF-OfnOVlyWmTbA8xWu3ur91VA

[Rocky_Shorz]

yeah Lloyd's chairman made the call... board of directors of the Federal reserve... Parent Company of S&P


guess we know who likes higher interest rates...

[TWINCANS]

yeah Lloyd's chairman made the call... board of directors of the Federal reserve... Parent Company of S&P


guess we know who likes higher interest rates...


I was asking myself where the dots were and you joined them. Thanks Rocky!

[D-Day]

Good.

I hope the entire global financial system collapses, this is just the beginning!

In the long term, complete systemic implosion would be the best thing we could ever hope for.

As far as I'm concerned this is positive news and a step in the right direction... just another nail in the coffin of an outdated and unnecessary system that was initially put in place to control and oppress the people of this planet.

The time for change has arrived... I say bring it on!

[loveandgratitude]

Financial terrorism by the Zionists. They had this planned 100 years ago. They must be rubbing their hands with glee. Why dont the sheeple wake up. How bad is it going to get before they realize they are being screwed royally.

[ViralSpiral]

L&G - 100 years ago, you also knew what the plan was, and yet you chose to be here. To raise the vibration. Lets do that....

with love and gratitude


http://media.mobango.com/m/655n_Cfch9uOy8o9ad0HjpRNBH35iaWk8w1qNgBasn8xRBs9LozaUQS4LWhqjrkaehQwhU7rxAhKTF5pZzF4d9V7FGpm5uzl/48597.gif

[Tane Mahuta]

Good.

I hope the entire global financial system collapses, this is just the beginning!

In the long term, complete systemic implosion would be the best thing we could ever hope for.

As far as I'm concerned this is positive news and a step in the right direction... just another nail in the coffin of an outdated and unnecessary system that was initially put in place to control and oppress the people of this planet.

The time for change has arrived... I say bring it on!

I too concur....Bring it on!!

TM

[Tony]

You are still living in a fools paradise!

[MorningSong]

Michele Bachmann Calls for Obama to Demand Geithner’s Resignation

Michele Bachmann called for President Barack Obama to demand Treasury Secretary Timothy Geithner’s resignation in response to S&P’s downgrade of the U.S. credit rating Friday.

The Republican presidential candidate and Minnesota congresswoman spoke with Fox’s Greta Van Susteren just after the news broke.

“President Obama is destroying the foundations of our economy one beam at a time. I call on the president to seek the immediate resignation of Treasury Secretary Tim Geithner and to submit a plan with his list of cuts to balance the budget this year, turn the economy around and put our people back to work.”

“I’m very concerned that the administration tomorrow might look for anyone else to blame. They may blame the Tea Party, they may blame the ratings agency or anyone else. They knew it was coming this year in January but they didn‘t write a plan and they still don’t have a plan.”

fGKgzIGC2eM

[giovonni]

Payback time :wof: :wof:

***********

US Inquiry Eyes S&P Ratings of Mortgages

The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.

The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month, but it is likely to add fuel to the political firestorm that has surrounded that action. Lawmakers and some administration officials have since questioned the agency’s secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations...
Read more... http://www.cnbc.com/id/44184348