dagblog - Comments for "FUN VACATION"

It?s hard not to feel a

Richard Day — Tue, 09 Aug 2011 07:27:00 +0000

In reply to I like the plan, but why not

It’s hard not to feel a certain contempt for Standard & Poor’s in the wake of its downgrade of American debt. Its sole job as a credit-rating agency is to gauge the creditworthiness of bonds, yet like its competitors, Moody’s and Fitch, it has consistently fallen short. It downgraded Enron days before the company went bankrupt. Its willingness to slap a AAA rating on securitized subprime junk was the foundation upon which the entire financial crisis was built. And now, to show that it’s got some spine, S.& P. decided to downgrade the United States? From a purely economic standpoint, the likelihood of a U.S. default is nil. As my friend Daniel Alpert, a founding managing partner of Westwood Capital, put it: “The size of the U.S. economy, the wealth of its inhabitants and the assets of the sovereign entity itself are unquestionably more than adequate to repay, with interest, all of the $14 trillion or so of the nation’s debt.” He added, “Anyone with a rudimentary understanding of finance and economics can figure that out.” On Monday, with the market collapsing, where did investors rush to put their money? In the one security they still considered safe: U.S. Treasuries

http://www.nytimes.com/2011/08/09/opinion/nocera-while-the-markets-swoon.html?_r=1&hp

I like the plan, but why not

MrSmith1 — Tue, 09 Aug 2011 01:30:54 +0000

In reply to This messenger is a

I like the plan, but why not include all hedge-fund managers and Wall St. executives? Oh, and while we're at it, all Fox News employees ... and Republican members of Congress! Man, we're gonna need a bigger boat. (I know. But a line from 'Jaws' is appropriate when dealing with sharks, financial and otherwise.)

This messenger is a

Richard Day — Mon, 08 Aug 2011 23:15:45 +0000

In reply to and you will have

This messenger is a communist/Sariah/antiAmerican insurgent. hahahahaha

and you will have

The Decider — Mon, 08 Aug 2011 22:41:34 +0000

In reply to FUN VACATION

and you will have successfully shot the messenger...

because, you really agree with S&P...

the political atmosphere is toxic--they can't agree on anything other than the fact that Obama will capitulate...

and, as S&P said...our country is in danger because the right will not allow us to generate the revenue we need to pay our debts (not their exact words, but it's what they meant)...

That's why Eric Cantor is out coaching his troops to double down...corporate America is starting to realize that their boys are gonna drive this truck of a country right over the cliff.

at least, that's what I'd tell you if I wasn't a God fearing Republican, Dick.