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Tag Archives: Fitch
The Consequences of Growth Over Austerity
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
The Dominoes Are Falling
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
Posted in Editorial, Financial
Tagged Belgium, Economic Collapse, Fitch, Greece, Hungary, Moodys, NC Renegade, Spain, Standard & Poor's
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Eric Holder Is Playing With Fire
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
Posted in Editorial, Financial
Tagged Department of Justice, Eric Holder, Fannie Mae, Fitch, Freddie Mac, Moodys, NC Renegade, Standard & Poor's
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