Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
05-09-2010, 05:44 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
EU Pissed at Rating Agencies; Pentagon Lobbies Against Raise
Saturday, May 08, 2010
EU Pissed at Rating Agencies; Gold Tops $1,200; Pentagon Lobbies Against Raises for Troops; MUFU Redemptions Blocked In Germany; Everybody for Himself
With all the focus on stock market gyrations this past week, here are a few stories of interest you may have missed.
EU Upset With Moody's, S&P, Threaten to Create Own Rating Agency
EU's Financial Services Chief To Probe Credit Rating Agencies http://www.reuters.com/article/idUSLDE64318620100504
"I think we need to go further to look at the impact of the ratings on the financial system or economic system as a whole...," European Internal Markets Commissioner Michel Barnier told members of the European Parliament.
"If you look at Greece, for example, I was quite surprised by the quite rapid deterioration in rating."
As the European commissioner in charge of financial services regulation, Barnier could propose new rules governing rating agencies. He said on Tuesday it could be possible to start a European agency to rate countries' creditworthiness.
I guess if you do not like the ratings you create a company that will rate you however you want. It seems we tried that with subprime and it did not work out very well.
Gold Futures Top $1,200
Gold Futures Top $1,200, Approach Record on Demand for Haven http://www.bloomberg.com/apps/news?pid= ... kIJgaI5fpA
Gold prices topped $1,200 an ounce, approaching a record, on demand for a haven from financial turmoil.
“The monetary situation is rapidly deteriorating in Europe,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Man with alleged ties to ISIS lived in US for two years prior to...
05-03-2024, 07:47 AM in illegal immigration News Stories & Reports