S&P, Moody's Irrelevant on Treasurys

[Pokeguyjai]

Hey look, more fear mongering! Maybe the liberals are going to start buying gold too? :grin:

"To hear politicians, the fate of modern finance is now being decided by perhaps a dozen Manhattan bond geeks. Their job at Standard & Poor's and Moody's is to paste letter grades on governments so bond buyers can decide which are good for the money. Even America's president fears them. "A six-month extension of the debt ceiling might not be enough to avoid a credit downgrade," he warned the nation in an address Monday night, having already listed some of the consequences: "Interest rates would skyrocket on credit cards, on mortgages and on car loans.""

http://www.smartmoney.com/invest/stocks/sp-moodys-downgraded-to-irrelevant-1311719817477/

[yoni]

S&P has already gone on record as to no matter what Congress does they will downgrade unless Congress cuts $4T from the debit.

[Gabriel Suarez]

Gernts....a warrior bon vivant does not get into fearful discussions....and neither will we. Just a point to be made at the outset of the conversation.

[yoni]

Gabe

my response has nothing to do with fear, it was just to point out how the leaders are scum. It should take one day to solve the debit problem and get the country moving again.

But bottom line I don't care,it will have zero effect on me if America get's down graded. No I just lied it will make me even more money:biglaugh:

[BigEd63]

As I'm backing out myself and family out of the "credit trap" I really could care less how they rate the .gov, fedguv or whatever you want to call it.

The tax and spend libtards and their vote bought entitlement minions can cry and nash their teeth all they want.

I'll just smile as I climb over their failure to a better place in life.

[bae]

But bottom line I don't care,it will have zero effect on me if America get's down graded. No I just lied it will make me even more money:biglaugh:

That's my plan too. Bring it on :-)