Corvette Forum : DigitalCorvettes.com Corvette Forums banner

1 - 16 of 16 Posts

·
Banned
Joined
·
9,760 Posts
Discussion Starter #1
It simply amazes me that Standard and Poors has the nerve to down grade US treasuries when they basicaly put us here. Thier total bullshit ratings of mortgage backed securities as class AAA when we all know now they were junk at best, should have been investigated. Perhaps they have finaly learned how to do thier job...and perhaps the attourney general should learn to do his and investigate how S&P and Moodys could have come up with the ratings they gave those securities. This is just more bullshit from the wallstreet banksters. :crazy::crazy:
 

·
Banned
Joined
·
31,366 Posts
It simply amazes me that Standard and Poors has the nerve to down grade US treasuries when they basicaly put us here. Thier total bullshit ratings of mortgage backed securities as class AAA when we all know now they were junk at best, should have been investigated. Perhaps they have finaly learned how to do thier job...and perhaps the attourney general should learn to do his and investigate how S&P and Moodys could have come up with the ratings they gave those securities. This is just more bullshit from the wallstreet banksters. :crazy::crazy:
:agree:

I don't understand how them, the msm, CNBC, WSJ, Bloomberg, etc. are even the least bit relevant at this point.. none of them seen the crisis coming, and the people who did are chastised. What a ****ed up situation...
 

·
Registered
Joined
·
1,076 Posts
Standard & Poors brings a valid point... How long can a nation pay its debt service when that debt service becomes equal to or exceeds GDP?
 

·
Banned
Joined
·
31,366 Posts
Standard & Poors brings a valid point... How long can a nation pay its debt service when that debt service becomes equal to or exceeds GDP?
It's a valid point, but it's just another case of closing the gate after the cows have all got out.. where were they when the banksters were creating schemes that would end up sinking the country?
 

·
Registered
Joined
·
1,076 Posts
Drastically cut spending, retain the same tax income and pay down the debt. It's a simple concept and it's not too late.

I agree that the 40:1 leverage by banks was insane. But that is gone. (Until next time) Companies and individuals have been deleveraging for the past 3 years. It's time for the gov't to follow suit.
 

·
Banned
Joined
·
12,109 Posts
It simply amazes me that Standard and Poors has the nerve to down grade US treasuries when they basicaly put us here. Thier total bullshit ratings of mortgage backed securities as class AAA when we all know now they were junk at best, should have been investigated. Perhaps they have finaly learned how to do thier job...and perhaps the attourney general should learn to do his and investigate how S&P and Moodys could have come up with the ratings they gave those securities. This is just more bullshit from the wallstreet banksters. :crazy::crazy:
They are just trying to herd investors into more offshore investments.
 

·
Premium Member
Joined
·
4,611 Posts
S&P is not known to lead the troup but to be the last one to move.

They are simply stating the obvious conclusion that everyone has come to. It's very easy to find a scapegoat and always blame the others, the issue currently being faced is the fault of many people.

I believe it is an American president who once stated that "the dollar is our currency and your problem".

Who invested all the life saving and pensions of everyone into the stock market? S&P? Certainly not.

Q: Was the S&P action totally a surprise?

A: No. In February, PIMCO, the world's largest bond investment fund, announced it was selling off its U.S. government debt because it didn't believe the return on investment properly reflected the risks of holding U.S. debt. PIMCO this month began betting against U.S. debt. In a sense, big players in the bond market were ahead of the ratings agencies, which they depend on for guidance.

S&P "should have made this move a long time ago," said Steven Ricchiuto, chief economist for Mizuho Securities USA in New York. "Let's be honest. Ireland, Portugal, the (debt) issues of Spain are nothing more than a warm-up for what's in play here. ... If something doesn't happen, it's going to be 'how many warnings do you have to send somebody before they pay attention.' "
http://seattletimes.nwsource.com/html/businesstechnology/2014809674_economy19.html
 

·
Banned
Joined
·
9,760 Posts
Discussion Starter #8
It's a valid point, but it's just another case of closing the gate after the cows have all got out.. where were they when the banksters were creating schemes that would end up sinking the country?
Bingo....Few here seem to understand that the huge amount of spending that we did (right or wrong) was due to the hole that these assholes put us in. Even the big problems that states and pension plans have today is directly tied to what happened to mortgage backed securities...and the reason that all our states and pension plans invested in these securities was that S&P and Moodys rated tham as class AAA. It makes me sick that these assholes now say the full faith and credit of the USA is in doubt....my faith in wall street is what is in doubt and it should be in doubt for every American that lost money due to these ****ers. :crazy:
 

·
Registered
Joined
·
25,253 Posts
Bingo....Few here seem to understand that the huge amount of spending that we did (right or wrong) was due to the hole that these assholes put us in. Even the big problems that states and pension plans have today is directly tied to what happened to mortgage backed securities...and the reason that all our states and pension plans invested in these securities was that S&P and Moodys rated tham as class AAA. It makes me sick that these assholes now say the full faith and credit of the USA is in doubt....my faith in wall street is what is in doubt and it should be in doubt for every American that lost money due to these ****ers. :crazy:
I agree, but the irony is - if you want to make any money on your investments right now, there is only one place to do it.....wall street equities. Go figure.
 

·
Banned
Joined
·
31,366 Posts
I agree, but the irony is - if you want to make any money on your investments right now, there is only one place to do it.....wall street equities. Go figure.
Gee, ya think? :laughing: WTF you think we have been telling you? It's a designed scheme, rigged to produce losses for investors and windfalls for the operators. Why the hell do you think there were record bonuses handed out 5 months after we were threatened with martial law? The banksters are your government, you can think that you have a say if it makes you feel all warm and fuzzy.. but you don't. You and I both know the majority of the people were against the bailouts of these private institutions, but the "representative" government opened up the treasury regardless.. your "socialist" president handed out a trillion dollars to the very people a true socialist would rather hang from a tree, than give a Mexican peso to.

No offense Tex, but people like you who are programmed to dismiss documented evidence, 200 years of history, and having it flaunted in your face as "conspiracy theory" are THE problem. There is no fix for it either, because too many people will keep voting for the single party puppets, and hope they can think they are middle class until they die. Well, you better die quick if that's the grand plan...
 

·
Registered
Joined
·
25,253 Posts
Gee, ya think? :laughing: WTF you think we have been telling you? It's a designed scheme, rigged to produce losses for investors and windfalls for the operators. Why the hell do you think there were record bonuses handed out 5 months after we were threatened with martial law? The banksters are your government, you can think that you have a say if it makes you feel all warm and fuzzy.. but you don't. You and I both know the majority of the people were against the bailouts of these private institutions, but the "representative" government opened up the treasury regardless.. your "socialist" president handed out a trillion dollars to the very people a true socialist would rather hang from a tree, than give a Mexican peso to.

No offense Tex, but people like you who are programmed to dismiss documented evidence, 200 years of history, and having it flaunted in your face as "conspiracy theory" are THE problem. There is no fix for it either, because too many people will keep voting for the single party puppets, and hope they can think they are middle class until they die. Well, you better die quick if that's the grand plan...

Vote for the single party puppets? Exactly who else are we supposed to voter for? I don't believe in wasting my vote on some third party crackpot who might garner 2% of the vote. When you can come up with a candidate who has a ghost of a chance of getting over 40% of the vote, let me know. But otherwise, there are usually two realistic possibilities and one of them is always less acceptable to me than the other. It's called realism.
 

·
Banned
Joined
·
9,760 Posts
Discussion Starter #12
I agree, but the irony is - if you want to make any money on your investments right now, there is only one place to do it.....wall street equities. Go figure.
I disagree...There are many other places to make money on investments that do not require your trust in wallstreet. I think right now rental property is a bargain and more and more people need to rent. For the long run I think land is a good place to put some money now. Precious metals (physicaly held) may still be a good bet. But my favorite investment right now is in my own company....I know the owner has my best interests at heart and he cannot lie to me. :thumbsup:
 

·
Banned
Joined
·
31,366 Posts
Vote for the single party puppets? Exactly who else are we supposed to voter for? I don't believe in wasting my vote on some third party crackpot who might garner 2% of the vote. When you can come up with a candidate who has a ghost of a chance of getting over 40% of the vote, let me know. But otherwise, there are usually two realistic possibilities and one of them is always less acceptable to me than the other. It's called realism.
Are you a conservative? :huh:
 

·
Registered
Joined
·
4,607 Posts
Has anyone else considered the ramifications on US bond market if the US doesnt raise the debt ceiling? That is the increased risk investors are talking about.
 

·
Premium Member
Joined
·
2,106 Posts
I disagree...There are many other places to make money on investments that do not require your trust in wallstreet. I think right now rental property is a bargain and more and more people need to rent. For the long run I think land is a good place to put some money now. Precious metals (physicaly held) may still be a good bet. But my favorite investment right now is in my own company....I know the owner has my best interests at heart and he cannot lie to me. :thumbsup:
I agree.. rentals are the place to set up for long term $$. if you have the cash to cover the 20% or a good enough relationship with your bank and a good business plan..

If you don't have either... with stricter lending policies getting the starting capital could be difficult now that the 80/20 loans are all but gone. Plus just looking in the local areas you need to consider appartment fill rates and the houses avaialbe for a bargain. I've been looking and I don't see many low middle level houses for a bargain. the defaulted housing seems to be on the upper end and the banks are holding at high rates on foreclosures instead of just dumping them as used to be the practice back in the day.

Once you consider the costs of refurb, and you have to anticipate most municipalities will raise taxes in the next 3-5 years your margins for finding the right house (mortgage/cost to rent ratio) the market shrinks considerably.

Just my two cents..
 
1 - 16 of 16 Posts
Top