SP just said yesterday financials looking better

A

Aaron Copland

What a big fat lie. Two days ago Bear Sterns says everything ok. Now this, trust know one on wall street.

All this is like WorldCom and Enron. All the way down walls street kept saying everything is fine.
 
Quote from poyayan:

S&P also just downgrade BSC's rating 3 level down.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZgjNjPwmwGQ&refer=home

Looks like they don't know what the heck they are doing. Yea, trust me. My rating is golden.

You know, I need this downgrade BEFORE, not AFTER today.

... and you are blaming people not buying your triple-A rated debt?!?
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Find the article from yesterday mornings saying SP says the worst over for financials, 1/2 way through, we see light at the end of the tunnel.
 
Quote from WaveStrider:

They forgot to mention they also heard the whistle of an oncoming train...
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lol, I don't think they hear it. They saw the underside of the train after they get run over.

``In a normal market environment, we would not see this kind of movement, but we are not in a normal environment,'' Hinton, a 10-year S&P veteran, said in a telephone interview. ``One rumor gets started and people get more nervous than they already are and it becomes a feeding frenzy.''
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see... he admits that he doesn't know what is going on...:)
 
Quote from turkeyneck:

S&P has been a joke since day 1 just like the rest of the Wall St analysts.
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No one believes the ratings agencies any more. This is a big part of the current environment where no one is willing to loan money against any of the phony Wall Street paper.

No fanni, no salli, no credit card bonds, no nothing!
 
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