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These diaries are the most Recommended for all time for this tag:
Banks got bailed out. We got sold out. It's not the crime, it's the cover-up. "Everybody lied like crazy."
by joanneleon
Comment Count 1034 comments on Mon Nov 28, 2011 at 11:37 AM PST with 501 Recommends
One of the great myths that created the seeds of the financial crisis was that the ratings agencies--Standard and Poor and Moody's--were "independent". What a crock--the ratings agencies gave ...
by Tasini
Comment Count 91 comments on Mon Nov 05, 2012 at 03:32 AM PST with 357 Recommends
"The chief consequence of the conservatives' unrelenting faith in the badness of government," Thomas Franks wrote three years ago in The ...
by Jon Perr
Comment Count 41 comments on Sat Jul 16, 2011 at 03:32 PM PDT with 78 Recommends
Not too short and not-so-sweet...just a few of the many outrageous things being at least somewhat ignored here while the DKos community focuses upon the silly season...and the nation's [...
by bobswern
Comment Count 68 comments on Sat Oct 23, 2010 at 11:04 AM PDT with 66 Recommends
INTRODUCTION For all intents and purposes, it may now be said (part of me, still , can't believe I'm actually posting this truth) that Goldman Sachs, and Wall Street in general (at ...
by bobswern
Comment Count 54 comments on Tue Feb 09, 2010 at 12:14 PM PST with 35 Recommends
Barry Ritholtz speaking to Canadian TV on his feelings about S&P, Moody's, and Fitch: I stated my long held views about them: That they were a prime enabler of the credit crisis; that ...
by Curt Matlock
Comment Count 15 comments on Thu Jul 28, 2011 at 08:08 AM PDT with 21 Recommends
Last week, Reps. Michael Honda, Keith Ellison, Raul Grijalva, Jan Schakowsky, John Conyers, Barbara Lee and Lynn Woolsey stalwarts of the Congressional Progressive Caucus (CPC) begged for mercy from �
by Letsgetitdone
Comment Count 11 comments on Wed Sep 26, 2012 at 08:01 PM PDT with 17 Recommends
Alan Grayson's e-mail on Moody's warning that it might reduce the US's AAA rating, suggested that Moody's was either threatening a downgrade because it wants to get the Bush tax cuts for the rich ...
by Letsgetitdone
Comment Count 14 comments on Fri Sep 14, 2012 at 07:12 PM PDT with 17 Recommends
Among the myths promoted by the traditional press--myths that hurt the entire country--is the "independence" of the ratings agencies. And that myth was one of the underpinnings of the financial ...
by Tasini
Comment Count 3 comments on Mon Jul 02, 2012 at 04:59 PM PDT with 16 Recommends
I like a good sense of humor as much as anyone. So, I tip my hat to the people over at Standard and Poor’s — especially the legal department — for giving me a chance to just have a good ‘ole ...
by Tasini
Comment Count 6 comments on Wed Sep 04, 2013 at 06:00 AM PDT with 14 Recommends
President Obama's Department of Justice announced last week that there would be ...
by RJ Eskow
Comment Count 5 comments on Tue Jun 01, 2010 at 04:53 PM PDT with 12 Recommends
"The people who are threatening not to pass the debt ceiling are our version of al Qaeda terrorists.," former Bush Treasury ...
by Jon Perr
Comment Count 5 comments on Fri Jul 29, 2011 at 12:20 PM PDT with 11 Recommends
Two months ago , I wrote about Moody's downgrading the UK's AAA debt rating and suggested: ...this decision will not have any impact on the UK's bond markets or financial security. Instead, this ...
by aguadito
Comment Count 12 comments on Tue Apr 23, 2013 at 12:51 AM PDT with 8 Recommends
Bob Swern published an excellent diary today titled, "Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived?" But there is even more to the story that has got to make ...
by Flint
Comment Count 3 comments on Wed Feb 06, 2013 at 10:23 AM PST with 7 Recommends
With today's news that Scott Brown is going to throw himself into machine and derail the Financial Reform Bill because it, gasp , has a tax on Banks, it seems the conference negotiators are ...
by Roatti
Comment Count 14 comments on Tue Jun 29, 2010 at 03:56 PM PDT with 5 Recommends
Greece is running a deficit of 13% of GDP. Other countries like Latvia, Lithuania, Ukraine, and Ireland have all implement austerity programs. Greece must also implement an austerity program. ...
by randomfacts
Comment Count 56 comments on Thu Feb 04, 2010 at 02:15 PM PST with 5 Recommends
That's what were looking at if the U.S. Defaults. This is the analysis heard on the Nightly Business Report of PBS tonight. One analysis even held out the possibility that the yields would ...
by Aeolos
Comment Count 30 comments on Fri Jul 22, 2011 at 06:04 PM PDT with 4 Recommends
Friday afternoon, just before markets were due to wrap up for the week, Moody's Global Credit Research released a ratings action on UK government debt quality , downgrading it from AAA to Aa1. ...
by aguadito
Comment Count 28 comments on Fri Feb 22, 2013 at 10:12 PM PST with 2 Recommends