U.S. rating likely to be downgraded again: Merrill

[defendandprotect]

Source: Reuters

NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.

The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit, the bank said in a research note published on Friday.



Read more: http://news.yahoo.com/u-rating-likely-downgraded-again-merrill-165346478.html

[RKP5637]

1. The US is so dysfunctional anymore who could blame them IMO. n/t

[defendandprotect]

2. Who profits from this? We've also had almost 100 banks under FED supervision this year fail ---

due to being "critically undercapitalized" -- !!

Wall Street is also playing politics here, I would guess?

Who do you trust?


As for me -- none of them!


People create an economy -- institutions/elites manipulate it --



:hi:

[nineteen50]

6. Three new banks have opened in our small northern ca. community in the last

6 months.

[defendandprotect]

8. If they succeed .....

in limiting coverage by a damaged FDIC of citizens' funds in banks

it will go much easier for them than the first go-around with the

Reagan era "theft and embezzlements" of our banks!!

Think that was close to a trillion covered by taxpayers?


Elites/capitalists have never wanted to work for a living -- they want to

control government and all of its assets -- wealth/natural resources/labor --

and just let the money role in.

10% profit? That's for slobs!

[Capitalocracy]

13. My tinfoil hat theory, actually...

is that their plan is to lower the credit rating, making bond payouts higher, then borrow at 0% or near-0% interest and make a pile of money on treasury bonds.

And if they can make Obama look bad while doing it, why not?

[high density]

3. Are they sure they don't want to wait until closer to the election?

Deficit and debt are very acute issues lately. We spent an entire decade with nobody worried about either of these issues.

[workinclasszero]

4. This is how wall street will punish us if the congress doesn't kill..

Social security and medicare.

They are demanding a Greek style financial firestorm to recover from their gambling losses. And we the 99% are the suckers who will pay the price.

[nineteen50]

5. This is to created volatility

Volatile markets maximize robo or nano investing.

[defendandprotect]

9. True -- no real profits can be made from stable, predictable markets -- !!!

That's why we always have this manipulation by elites/institutions -- !!!

It's citizens who create the economy -- it's elites/financial institutiosn who

manipulate it for profit!

[DallasNE]

7. Republicans Will Read This As Confirmation

For no tax increases and simply dig in their heels. Frankly, I couldn't see where Reuters could conclude a downgrade because there was so much on the one-hand and on the otherhand talk that I couldn't conclude much from this. Let's see how the markets react on Monday. If anything this was jawboning the super-committee to come up with some sort of compromise but my reading is that it will have the opposite effect as Republicans simply dig in their heels.

[jtuck004]

10. I read a post somewhere that said the ratings agencies are a front for terrorists.

But that was just an anonymous internet post, not true, probably just trying to make them look better. That would mean many of the major financial institutions were involved with terrorists. Still, might be worth an extra minute with the TSA agents when they fly. That would be the patriotic thing to do, no?

Maybe they are just ordinary criminals, no better than the purse snatcher on the street. They are fortunate that the American people are more threatened by some black kid driving or a peaceful protestor with a sign than they are by a 3-piece suit. Too bad, because the actions of those people in the financial sector brought, and is continuing to bring, fear and misery to more lives than any terrorist has dreamed possible, I'm guessing. This is an ongoing fraud of 8 years or so now, with no criminal proceedings.

The civil suit by the Federal Housing Finance Agency, provides a clear paper trail, according to William K. Black, (and he oughta know, eh?) of millions of cases of fraud, the vast majority by the originators. Those people need to answer for their actions and the profit they made in a criminal court.

One can read about it here, or listen about it here.

The country can't move forward until this is done. No matter what we do, it's like standing in a deep well with a bunch of poisonous snakes and trying to get on with escaping after you kicked them into a corner. They will get nastier, meaner, and more aggressive, probing for the time you aren't looking to hurt you again. Until you deal with the threat.

We need to treat these people as suspects in the crime that is in front of our faces, and make them answer in court.

I wouldn't be surprised to see our "credit rating" increase in the rest of the world, the day they stand in front of a judge.

[BeyondGeography]

11. Investigate these crooks

They AAA'd securitized drive- thru loans for years. Laughably transparent political bullshit. They are screaming for a return to Republican rule, that's all.

[PSPS]

12. So what? This is BOA's opening salvo in the 2012 elections.

This is mere backdrop for the upcoming cat food commission's attempt to dismantle the social safety net. Bond investors know it's a crock. What are they going to do? Shift their money into "safer" bonds? Chinese bonds? Greek bonds? Russian bonds? The teaparty S&P downgrade had no effect at all. Subsequent bonds have been fully subscribed, just like always. Treasury bonds are still the safest place in the world to park money.

[Wolf Frankula]

14. Isn't Moody's under investigation by the SEC

These are the organizations that certified AAA all those worthless derivatives. Their word isn't worth squat.

Time to bear down on them.

Wolf

[Iliyah]

15. What country

is grade A now?

And how long?

[unkachuck]

16. do what we want and say....

....or we'll crash your country and economy!

"The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit,..."

....blackmail?....may I suggest pulling their license to do business in the United States and investigate their books, holdings, board of directors and management?

[CountAllVotes]

17. Merrill Lynch

Thanks for nothing eh Merrill Lynch?

Tell me, why did we bail these slime ball bastards out? :mad:

:kick: