S&P: Russia's rating now CCC-

TheDawn said:
Darn for all those tourists going to Russia. They will have to go stay in hotels now, darn it!!
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You realize that Russian airbnb is also (actually, primarily, AFAIU) used by Russians traveling within Russia, right?
 
The International Skating Union announced that no athletes from Russia or Belarus "shall be invited or allowed to participate" in any skating events until further notice.

This is not exactly Wall St. News, but it accents the growing Russian isolation. Which, unless they somehow get rid of Putin, may become solidly permanent.
 
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terr said:
The International Skating Union announced that no athletes from Russia or Belarus "shall be invited or allowed to participate" in any skating events until further notice.

This is not exactly Wall St. News, but it accents the growing Russian isolation. Which, unless they somehow get rid of Putin, may become solidly permanent.
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Still these sanctions mean nothing. This is like the whole community after seeing somebody raping another person, instead of doing something to stop the rapist, they just announce one by one that they won't do business with the rapist, will stop lending money to the rapist, will kick him out from various clubs, won't talk to his family and friends and etc. but the rape is still going on. The rapist doesn't give a s*** that he's going to be poor and nobody is going to talk to him. He's still getting what he wants.
 
TheDawn said:
Still these sanctions mean nothing. This is like the whole community after seeing somebody raping another person, instead of doing something to stop the rapist, they just announce one by one that they won't do business with the rapist, will stop lending money to the rapist, will kick him out from various clubs, won't talk to his family and friends and etc. but the rape is still going on. The rapist doesn't give a s*** that he's going to be poor and nobody is going to talk to him. He's still getting what he wants.
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And all those oligarchs family and friends get to stay in those huge mansions in various parts of the world maintaining their lifestyles posting on tick tock how upset they are at the war.
 
Grantx said:
And all those oligarchs family and friends get to stay in those huge mansions in various parts of the world maintaining their lifestyles posting on tick tock how upset they are at the war.
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One thing though. I don't agree with seizing the personal assets of people as a way to stop the war. It's Putin who started the war through governmental means; if you want to seize or freeze assets, you should seize or freeze the assets of the Russian government or government officials but people's personal assets should be off-limit. If you feel that these personal assets were ill-gotten gains, then you should open an investigation or put those people on trial to find out if really broke the law in gaining these assets but you cannot be just arbitrarily seizing people's houses and yachts just because...Nobody should be above or below the law. If a serial killer is even entitled to a trial then so should anybody before their assets are taken away otherwise you are operating no different from mobs and terrorists and not in a democracy governed by rules of law. Stopping a war should not be used as a reason.

You are also setting very dangerous precedents that grossly violate people's fundamental rights and freedom and nobody's personal assets will be safe. Imagine you and your family are sleeping in your home and all of sudden in the middle of the night, you are thrown onto the street because the government didn't like what you said in one of your tweets and they seized your house... If you don't want this to happen to you or your descendants one day, you should stop Biden and the West from seizing people's yachts right now. If Biden has the guts to stop the war, he should order troops to Ukraine and face Russia head-on and leave civilians' stuff alone. Does Biden have the guts? No and Putin knows that and that's why he's calling US' bluff.
 
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TheDawn said:
Still these sanctions mean nothing. This is like the whole community after seeing somebody raping another person,
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Great analogy! But you forgot to mention that the rapist also has a machine gun in his hands.

Why don't YOU go and do something about him?
 
Pekelo said:
Great analogy! But you forgot to mention that the rapist also has a machine gun in his hands.

Why don't YOU go and do something about him?
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I am not the Commander-In-Chief of the most powerful military force in the world and a printing press with unlimited money printing.
 
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