Forums - Egan Jones Downgades US Debt

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Main ›› Wall St. News ›› Egan Jones Downgades US Debt - SEC Files Charges

Page 1 of 2: 1 2

JamesL

Registered: Sep 2008
Posts: 2110

04-19-12 06:16 PM

2 weeks prior, Egan downgraded US debt to AA from AA- and now...

http://www.reuters.com/article/2012...E8FJ9NG20120419

Edit/Delete • Quote • Complain

Chuck E. Cheese

Registered: Mar 2012
Posts: 115

04-19-12 09:10 PM

This is what you get for messing with the A's in the US of AAA.

Edit/Delete • Quote • Complain

oldtime

Registered: Jun 2011
Posts: 7479

04-19-12 11:21 PM

Quote from JamesL:

2 weeks prior, Egan downgraded US debt to AA from AA- and now...

http://www.reuters.com/article/2012...E8FJ9NG20120419

Jones was on CNBC today. He said it was a paperwork issue, and yes he believes it is vindictive. The form was filed back in 2008 and the SEC suddenly had a problem with it.

Egan Jones was the first firm to downgrade Enron and GM. They also now have a high rating compared to other firms for GM, so they are not just doom and gloom analysts.

They receive no pay from the companies they analyse. All income is from instituitional investors.

Edit/Delete • Quote • Complain

JamesL

Registered: Sep 2008
Posts: 2110

04-20-12 12:09 AM

Yeah, saw that. Without pushing the issue, he did imply that it was because of these downgrades that he was being targeted.

Don't want anyone talking smack about US or Gov't Motors debt, now do we?

Edit/Delete • Quote • Complain

Eight

Registered: Mar 2009
Posts: 3460

04-20-12 12:29 AM

Wow, the SEC took action on some paperwork from 2008! Go SEC!

Edit/Delete • Quote • Complain

Gueco

Registered: Jan 2006
Posts: 101

04-20-12 12:34 AM

With only 5 analyts egan-jones makes a much better work than the other 3 big firms, each with over 1000 "analysts" !

Edit/Delete • Quote • Complain

Page 1 of 2: 1 2

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Questrade Canada's #1 Online Broker Rithmic Futures Trade Execution Platform	SpeedTrader Direct Access Trading SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider