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Moody`s CEO: US Won`t Default

Moody`s - a credit rating agency - CEO suggests that, even without a debt compromise, the US won`t default.

submitted by: HumanAction
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Moody`s CEO: US Won`t Default. Moody`s - a credit rating agency - CEO suggests that, even without a debt compromise, the US won`t default.
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Hits: 2738 | Favorites: 0 | Emailed: 0 | Rating: 1.8 | Category: News & Politics | Date: 10/11/2013
 
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DinVen
Male, 30-39, Europe
 389 Posts
Sunday, October 13, 2013 7:37:40 AM
Moody's and Standard and Poor`s have been known to deliver ratings per request for several financial institutions - obviously only for the right price. Completely neglecting the advice of their own analysts in the name of great profits. These companies are a joke, except of course the implications of their "work" and their profits.

OldOllie
Male, 60-69, Midwest US
 15089 Posts
Saturday, October 12, 2013 2:15:00 PM
Love your ideas to back to the pre industrial age rules.

Right, because all of these post-industrial rules and regulations are working out so well, and we all know, without all those rules and regulations, we wouldn't even have industrialization.

I forgot to mention, abolish the DEA and the ATF as well.

normalfreak2
Male, 18-29, Midwest US
 2039 Posts
Saturday, October 12, 2013 1:26:40 PM
@oldollie. Love your ideas to back to the pre industrial age rules. Those were such good times.. You and Brenda in Arizona would make a great couple in the asylum.

Sleepyhallow
Male, 50-59, Western US
 1912 Posts
Saturday, October 12, 2013 6:05:48 AM
Doesn't matter, America pays its bills and Congress has no say in it.

The U.S. Constitution forbids default.
Period. End of discussion.

The time to do something about it is BEFORE Congress spends the money, not after.

Modwain
Male, 30-39, Europe
 304 Posts
Saturday, October 12, 2013 3:30:35 AM
what i find funny is that moody's is still one of the creditraters of the world, missing the lehman problems and allready having lowered the status of european countries from triplle a to a lesser rating yet for what ever excuse they can find they will not lower the credit rating of the usa.

Trust me, a lot of european countries like france lost their tripple a with a debt far lower then the usa, with a more complete plan on how to combat their deficit and with more actions taken then the us.

Funny thing though, one of the problems of the us is that they will always be in debt, they cannot help it, even if they would want to. Every dollar in the game is a lent dollar and they can only repay the ones they have, so how they will pay the interest on it, well, i am curious about that.
How is every dollar a lent one? cause they are given out by the federal reserve ,which is a private bank and the usa has to pay an interest on it, with dollars

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