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Spitfire of ATJ

(32,723 posts)

31. Let's not forget the role S&P played

Tue Jun 19, 2012, 08:46 PM

Jun 2012

And when their name came up over and over as having taken money to provide AAA ratings they decided to head off criminal proceedings by lowering the credit rating of the entire United States so any attempt to expose them could be called a retaliation for their lowering the credit rating of the United States.

To quote Malloy, Have I said yet tonight how much I hate these people?

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Toon- 40% of middle class wealth wiped out! [View all] n2doc Jun 2012 OP

du rec. nt xchrom Jun 2012 #1

Anyone know how the top 1% fared? Rectangle Jun 2012 #19

Their wealth went up by 40% of our wealth. lob1 Jun 2012 #40

k and r nashville_brook Jun 2012 #2

K&R. Thanks for posting. n/t Egalitarian Thug Jun 2012 #3

The Great Risk Shift by Jacob S Hacker. HughBeaumont Jun 2012 #4

+1 Blue_Tires Jun 2012 #5

All of the wealth didn't necessarily 'go' somewhere. Blanks Jun 2012 #10

debt is not dissipation. debt is your ass tiny elvis Jun 2012 #16

The resale value of homes decreased. Blanks Jun 2012 #21

Where some of the $ went............ Red Crow Jun 2012 #38

they didn't financially benefit every time a homeowner lost equity in their home. Spitfire of ATJ Jun 2012 #18

In the end they benefitted. Blanks Jun 2012 #22

they stood to lose money every time a loan defaulted. Spitfire of ATJ Jun 2012 #27

I had forgotten about that aspect. They had insurance. Blanks Jun 2012 #28

More than that, they had Credit Default Swaps Spitfire of ATJ Jun 2012 #30

A lot of they's and them's. Blanks Jun 2012 #34

Are the names of these people actually available information? Spitfire of ATJ Jun 2012 #36

So why don't the occupy people go egg their mansions or something? Blanks Jun 2012 #44

Oh sure. Like they live in tract homes Spitfire of ATJ Jun 2012 #45

That's not really the point. Blanks Jun 2012 #47

True Spitfire of ATJ Jun 2012 #48

Set up the frogmarch. Blanks Jun 2012 #49

All of these bank losses were socialized. girl gone mad Jun 2012 #26

It's worked out real well for them..... midnight Jun 2012 #37

The losses on individual homes were just a fraction snot Jun 2012 #23

Not only that laundry_queen Jun 2012 #24

The numbers were astronomical Spitfire of ATJ Jun 2012 #46

Technically the government 'invested' in AIG. Blanks Jun 2012 #29

Obvious bankster propoganda. girl gone mad Jun 2012 #41

Obviously, but if the government bought stock Blanks Jun 2012 #42

Let's not forget the role S&P played Spitfire of ATJ Jun 2012 #31

Thank you, Hugh. I will look for it at my local socialist library Ishoutandscream2 Jun 2012 #25

K&R 99Forever Jun 2012 #6

Bad toon. mlevans Jun 2012 #7

Divide and Conquer Peaceful Protester Jun 2012 #8

Remember, it's the Union's fault Blue Owl Jun 2012 #9

+100000 yardwork Jun 2012 #20

Mission Accomplished nt cstanleytech Jun 2012 #11

Yep.... bighughdiehl Jun 2012 #17

Wuerker's been knocking 'em outta the park lately. K&R bluesbassman Jun 2012 #12

The middle class just "lost the money" Dont call me Shirley Jun 2012 #13

Some people blame Bush for the state of the union, but... Peaceful Protester Jun 2012 #14

Democrat policies??? Nt awoke_in_2003 Jun 2012 #33

they can't help themselves, apparently n/t grasswire Jun 2012 #35

So it would seem... awoke_in_2003 Jun 2012 #39

PP is no freeper and has edited the post. HughBeaumont Jun 2012 #43

in a depression, money returns to its rightful owners: BOG PERSON Jun 2012 #15

k & r thanks for posting...nt Stuart G Jun 2012 #32