Tag Archives: Fitch

Fitch Issues Another Rating Warning For AmericAAA

Posted on January 15, 2013 by David

With precisely one month left until the early bound of the debt ceiling crunch and a possible US government shut down and/or technical default, and with M.A.D. warnings from the president and treasury secretary doing nothing to precipitate a sense … Continue reading →

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The Consequences of Growth Over Austerity

Posted on May 22, 2012 by David

Obama’s plan for an economic recovery in Europe is simple: abandon austerity measures and concentrate on growth. The real message is “everything will be fine after the next election: just kick the flexible can down the road”. Sentient people know … Continue reading →

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Fitch Slashes Greek Credit Rating

Posted on May 17, 2012 by David

Fitch on Thursday sliced Greece’s long-term credit rating to CCC from B-, citing a “heightened risk” Greece won’t sustain its membership in the eurozone. The country this week failed to forge a new government after elections there fractured its parliament. … Continue reading →

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The Dominoes Are Falling

Posted on November 27, 2011 by David

The following articles have been written in the past week: Standard & Poor’s Lowers Belgium’s Credit Rating The Standard & Poor’s credit rating agency has lowered Belgium’s long-term credit rating from AA+ to AA- with a negative outlook. S&P said … Continue reading →

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Eric Holder Is Playing With Fire

Posted on August 18, 2011 by David
http://www.youtube.com/watch?v=_MGT_cSi7Rs”>httpv://www.youtube.com/watch?v=_MGT_cSi7Rs

The Department of Justice has launched an investigation of Standard & Poor’s concerning the rating of mortgage securities packaged by Wall Streets firms and sold around the world. This is political retribution for their downgrade of the United States to … Continue reading →

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