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Wolf Frankula

(3,611 posts)

3. Now France needs to do something to Moody's

Reply to Tony_FLADEM (Original post)

Mon Nov 19, 2012, 08:57 PM

Nov 2012

Since Moody's is one of those 'rating agencies' that rated all those junk mortgage bonds AAA, their ratings are really about as valid as Rmoney's word.

Wolf

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Moody's strips France of AAA-rating with one-notch cut [View all] Tony_FLADEM Nov 2012 OP

Right wing revenge for France electing a Socialist. nt onehandle Nov 2012 #1

Pretty sure it's about their debt to GDP. ancianita Nov 2012 #2

Now France needs to do something to Moody's Wolf Frankula Nov 2012 #3

Why would anyone even believe Moody's ratings anymore?! Dont call me Shirley Nov 2012 #4

Yawn. hay rick Nov 2012 #5

not an apples to apples comparison bossy22 Nov 2012 #6

Point taken. hay rick Nov 2012 #7

IMHO I believe that had very very little to do with it bossy22 Nov 2012 #9

This was not unexpected bossy22 Nov 2012 #8

The remarkable thing about this story is that Moody's is still in business. Squinch Nov 2012 #10

No so remarkable when all of the criminals were allowed to get away. JackRiddler Nov 2012 #16

Oh, God, I know. Doesn't it just make you crazy? Squinch Nov 2012 #20

Indeed; and now it's trying to overcompensate panAmerican Nov 2012 #11

France to answer ratings downgrade with reforms dipsydoodle Nov 2012 #12

The Financial Extortionists Have Spoken JackRiddler Nov 2012 #13

It's not just Moodys. Nye Bevan Nov 2012 #14

Yes, it's clear to me that capitalist ideology is a chorus. JackRiddler Nov 2012 #15

So you have performed your own detailed econometric analysis of the French economy? Nye Bevan Nov 2012 #17

Have you? I know what class war is. JackRiddler Nov 2012 #19

Probably our bailed out banks mostly kept theirs CreekDog Nov 2012 #18