were the rating agencies ready to downgrade america or is this due to republicteabaggers?

[spanone]

they are already responsible for hundreds of billions lost in the stock market last week.

this is a trumped up disaster compliments of republicans.

[napi21]

1. It's both! The rating agencies are ready to downgrade BECAUSE

of the TP refusal to increase the cap! And YES it's a truped up crisis.

[indurancevile]

4. The ratings agencies are the same ones that abetted in the real estate bubble fraud.

They are the same financier class, and their fraudulent ratings are in service of forcing austerity on the american people via cutbacks in social spending. So the money men can get their hands on more gov't money.

[napi21]

5. That may well be true but their ratings still have a big impact

on the markets.

[indurancevile]

7. "the markets" are those very same people. aside from pension funds (which the financial class also

manages), ordinary people have an insignificant stake in "the markets".

social security is 1000 times more important to the majority of people's retirement. 1/3 rely on it for 90% or more of their retirement income, 2/3 rely on it for 50% or more.

may "the markets" crash & burn in their fraudulence.

[robdogbucky]

2. Think of it like a symphony director

He has both hands raised, then he moves his wand toward one direction, the market slides, then he looks to the other side, nods his head, and the government suddenly is in a crisis of their own making. He then moves both hands together and the re-election is in question and economic chaos looms on the horizon.


Just like an orchestra, with the media applauding at the appropriate moments to add dramatic effect.





Just my dos centavos


robdogbucky

[dkf]

3. They weren't going to until they realized how dysfunctional congress is.

[mmonk]

6. The rating agencies proved they cannot be trusted when

they rated the CDO's and similar securities that brought the financial system down as AAA.