patrick.net

I agree with one comment in that Moody's rated some of the subprime mbs junk as AAA.

Now this:

http://money.cnn.com/2011/07/26/news/economy/debt_ceiling_downgrade/?source=yahoo_hosted

We are "AAA", where do you go, when we default?
I'll tell you were, back to the good ole freakin' US of "A", that's where. We are wining by default, and I don't mean that literally.

You guys remind me of the clowns, that are ignoring that Oil prices have sky rocketed in the last year, at the worst possible time. Now the Gas companies are reporting 40 billion in profits... AGAIN!

We've been turned out by our president and expect to be exploited at this point. We believe every threat Wall Street and their Lapdog Senators tell us, we need to do, to save our selves. Even if that means running deeper into the lions jaw.

I don't know what to believe on this...

>YOU are the reason I'm buying homes and stockpiling gold. YOU are the reason I can't compete with 25 cent an hour jobs in China. YOU are the problem, not me. I'm just playing the game you and your Republican buddies invented.

This makes me think...

I am waiting to see more downgrades in Europe...

way to go USA. My duracell batteries have higher rating. A nation of extend and pretend and kick that can down the road while you at it.

https://ground.news/article/moodys-downgrades-united-states-credit-rating-on-increase-in-government-debt

Moody's downgraded the United States' credit rating from AAA to Aa1 on May 16, 2025, removing its last perfect rating since 1917.
The downgrade followed earlier cuts by Fitch in 2023 and S&P in 2011, reflecting rising government debt and interest payments above peers.

From FY 2023 to FY 2024, interest on Treasury securities held by
the public increased from $678.0 billion to $909.1 billion. This $231.1 billion increase primarily resulted from an increase in
the outstanding debt held by the public and an increase in the average interest rates.

From:
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

The reason why this is important is that pension funds and the like are prohibited from investing in debentures not rated AAA. This move by Moody's is purely political and designed to put pressure on the value of US bonds while Trump is doing everything to cut the deficit and restore fiscal sanity. Bidet got a free pass injecting $20 trillion into the financial system, creating massive inflation, corrupting the BLS to show job increases when in reality we've been net 600K jobs lost in the last year of his presidency alone, and HUD paying millions of delinquent mortgage loans for years since the 2020 scamdemic. Only now are the ratings agencies getting around to expose this shit?

Obligatory: