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EU communists going crazy: Wan´t to ban ratings for countries.

 
Anonymous Coward
User ID: 331367
Austria
07/07/2011 11:42 AM
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EU communists going crazy: Wan´t to ban ratings for countries.
Just when everybody thinks you can not top brussel stupidity they come with a new one:

Bad News ?
EU considering ban on ratings for countries in crisis

[link to translate.google.com]

EU politics are just like GLP .. when everything fails .. come up with a crude conspiracy theory.
Anonymous Coward
User ID: 1458481
Italy
07/07/2011 11:53 AM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
The rating agencies are full of WANKERS . Those Wankers were rating junk bonds
AAA and then people worked out that they were worth only toilet paper !
Anonymous Coward
User ID: 1457002
United States
07/07/2011 11:53 AM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
first
Anonymous Coward
User ID: 1458209
Portugal
07/07/2011 12:01 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
The rating agencies are full of WANKERS . Those Wankers were rating junk bonds
AAA and then people worked out that they were worth only toilet paper !
 Quoting: Anonymous Coward 1458481


hf
Revbo™
Pook Snabber

User ID: 538751
United States
07/07/2011 12:05 PM

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Re: EU communists going crazy: Wan´t to ban ratings for countries.
Why would anyone invest in a country's debt when that debt is not allowed to be rated? I know the ratings agencies are BS, but at least it's something.

This is like asking your bank to make you a loan without pulling a credit report.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
User ID: 1424951
Netherlands
07/07/2011 12:07 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
If a country already in financial trouble gets rated down, their interest payments shoot through the roof. It is almost like stabbing the country to death when it is already down.
Anonymous Coward
User ID: 1424951
Netherlands
07/07/2011 12:10 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
We are not communist. I don't get the same privileges and wealth as some rich people get. The EU does make policy and laws, you call that communism or just government?
Anonymous Coward (OP)
User ID: 331367
Austria
07/07/2011 12:11 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
If a country already in financial trouble gets rated down, their interest payments shoot through the roof. It is almost like stabbing the country to death when it is already down.
 Quoting: Anonymous Coward 1424951


But .. if they weren´t in financial troubles .. they would not get a downgrade.

Anyway .. the desperate attempts to save the EU constantly remind me of this:
Anonymous Coward
User ID: 1438449
United States
07/07/2011 12:11 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
People must be pretty dumb not to understand how this scam works.
Revbo™
Pook Snabber

User ID: 538751
United States
07/07/2011 12:12 PM

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Re: EU communists going crazy: Wan´t to ban ratings for countries.
If a country already in financial trouble gets rated down, their interest payments shoot through the roof. It is almost like stabbing the country to death when it is already down.
 Quoting: Anonymous Coward 1424951


If I file for bankruptcy, my credit worthiness goes down, and lenders will start charging me more to lend to me. It's what happens when you're not responsible with your debt. Why should a country be any different? Doesn't the investor deserve good information about his potential investments?
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward (OP)
User ID: 331367
Austria
07/07/2011 12:12 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
We are not communist. I don't get the same privileges and wealth as some rich people get. The EU does make policy and laws, you call that communism or just government?
 Quoting: Anonymous Coward 1424951


Ever calculated how much is left after all taxes ?

For the avg. citizen in the EU this is more (ap. 60-70%) than the SU ever achieved.

If this is not communism .. what is it ?
Robbery ? Enslavement ?
Anonymous Coward (OP)
User ID: 331367
Austria
07/07/2011 12:15 PM
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Re: EU communists going crazy: Wan´t to ban ratings for countries.
Oh .. Mr. Trichet (aka. Tricheur) will now make every piece of paper to money, no matter what the rating.

[link to www.zerohedge.com]
Epic Beard Guy
Constitutional Crusader

User ID: 1079209
United States
07/07/2011 12:56 PM

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Re: EU communists going crazy: Wan´t to ban ratings for countries.
Barry will be all over this plan, because he can continue to destroy the US economy without having to worry about our credit rating. I don't think this will fool the countries that are buying the T-bills though. If the conservitives don't pass the balanced budget, we are FUCKED!
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe

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