What a big fat lie. Two days ago Bear Sterns says everything ok. Now this, trust know one on wall street. All this is like WorldCom and Enron. All the way down walls street kept saying everything is fine.
They forgot to tell you that their evaluations are only good for 30-second time periods now. Check back later and often!
S&P also just downgrade BSC's rating 3 level down. http://www.bloomberg.com/apps/news?pid=20601087&sid=aZgjNjPwmwGQ&refer=home Looks like they don't know what the heck they are doing. Yea, trust me. My rating is golden. You know, I need this downgrade BEFORE, not AFTER today. ... and you are blaming people not buying your triple-A rated debt?!?
Find the article from yesterday mornings saying SP says the worst over for financials, 1/2 way through, we see light at the end of the tunnel.
lol, I don't think they hear it. They saw the underside of the train after they get run over. see... he admits that he doesn't know what is going on...
No one believes the ratings agencies any more. This is a big part of the current environment where no one is willing to loan money against any of the phony Wall Street paper. No fanni, no salli, no credit card bonds, no nothing!