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 !

first

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.

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.

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?

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:

People must be pretty dumb not to understand how this scam works.

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?

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 ?

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!