Breaking News: FITCH DOWNGRADES JP MORGAN CHASE!! | |
Anonymous Coward User ID: 9553901 United Kingdom 05/11/2012 06:33 PM Report Abusive Post Report Copyright Violation | [link to money.cnn.com] Quoting: ***ClappaGuy*** The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative. Who cares? |
marlborolightsplease User ID: 1276307 United States 05/11/2012 06:33 PM Report Abusive Post Report Copyright Violation | |
marlborolightsplease User ID: 1276307 United States 05/11/2012 06:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 2926765 United States 05/11/2012 06:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 12999377 United States 05/11/2012 06:36 PM Report Abusive Post Report Copyright Violation | [link to money.cnn.com] Quoting: ***ClappaGuy*** The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative. Who cares? Ya I know your preoccupied with the Olympics preparation. |
MtBarb User ID: 1293349 United States 05/11/2012 06:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 2129838 United States 05/11/2012 06:50 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5548216 United States 05/11/2012 06:53 PM Report Abusive Post Report Copyright Violation | Still not known... But it's just a step closer to the inevitable... Now no banks in America are as strong as once thought.. can't Obama still "bail them out?" Obama has already stated that the banks are no longer too big to fail. They will not be getting any more money. I would guess they already shorted their own stock before the announcement which is what they did last time and they came out smelling like a rose. If you are paying a mortgage right now you might be fucked. I recommend getting those thieves out of your business and becoming financially independent so these things don't affect you. Buy what you can afford and live within your means. Once you have your house and other things paid off you can afford to spend money impressing people. Living on borrowed money is stupid no matter what the political or financial climate. |
Anonymous Coward User ID: 15888767 United States 05/11/2012 07:02 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 14793316 United States 05/11/2012 07:05 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 4094707 United States 05/11/2012 07:08 PM Report Abusive Post Report Copyright Violation | Still not known... But it's just a step closer to the inevitable... Now no banks in America are as strong as once thought.. can't Obama still "bail them out?" Obama has already stated that the banks are no longer too big to fail. They will not be getting any more money. I would guess they already shorted their own stock before the announcement which is what they did last time and they came out smelling like a rose. If you are paying a mortgage right now you might be fucked. I recommend getting those thieves out of your business and becoming financially independent so these things don't affect you. Buy what you can afford and live within your means. Once you have your house and other things paid off you can afford to spend money impressing people. Living on borrowed money is stupid no matter what the political or financial climate. ^ Great point! living on credit is suicide! |
Anonymous Coward User ID: 8397139 United States 05/11/2012 07:10 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8397139 United States 05/11/2012 07:12 PM Report Abusive Post Report Copyright Violation | [link to money.cnn.com] Quoting: ***ClappaGuy*** The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative. Who cares? Immediately? PM investors is my guess. Followed very closely by anyone who lives under the umbrella of the economy. |
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Anonymous Coward User ID: 15742136 United States 05/11/2012 07:32 PM Report Abusive Post Report Copyright Violation | [link to money.cnn.com] Quoting: ***ClappaGuy*** The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. Fitch Ratings downgraded both JPMorgan's short-term and long-term debt, with the latter falling to A+ from AA-. The bank, the country's largest by assets, was also placed on ratings watch negative. |
Anonymous Coward User ID: 8397139 United States 05/11/2012 07:34 PM Report Abusive Post Report Copyright Violation | |
Frater User ID: 13462595 United States 05/11/2012 07:34 PM Report Abusive Post Report Copyright Violation | Unfortunately this deabt will be monitized and and you and I as taxpayers will be on the hook for it. I've been thinking about bailing out of the country or ceasing to produce money. *edit* Sorry I don't produce money, The Federal reserve is the only entity that produces money out of thin air. I just try and earn an honest living but I'm actually an assett of TPTB, I get little of what I earn. Friends tell me I'd Love Costa Rica. Frater Last Edited by Frater Deplorable on 05/11/2012 07:42 PM LVX! |
Anonymous Coward User ID: 5926374 United States 05/11/2012 07:35 PM Report Abusive Post Report Copyright Violation | |
Frater User ID: 13462595 United States 05/11/2012 07:42 PM Report Abusive Post Report Copyright Violation | The idiots on this thread think that this is doom... Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade?? That's right...MARKET RALLIES You guys are easier to sucker than fish in a barrel DOW TO 15000.....NO CRASH NO DOOM And you are part of the problem. Last Edited by Frater Deplorable on 05/11/2012 07:55 PM LVX! |
b|ink User ID: 10463447 Canada 05/11/2012 07:48 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8397139 United States 05/11/2012 07:54 PM Report Abusive Post Report Copyright Violation | The idiots on this thread think that this is doom... Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade?? That's right...MARKET RALLIES You guys are easier to sucker than fish in a barrel DOW TO 15000.....NO CRASH NO DOOM Now, the question is - will you be posting when derivatives implode? |
Anonymous Coward User ID: 5926374 United States 05/11/2012 08:02 PM Report Abusive Post Report Copyright Violation | The idiots on this thread think that this is doom... Pop quiz..what has happened everytime S&P or Fitch has issued a downgrade?? That's right...MARKET RALLIES You guys are easier to sucker than fish in a barrel DOW TO 15000.....NO CRASH NO DOOM Now, the question is - will you be posting when derivatives implode? Which will happen when???? In your Candy-Land dreams??? You are seriously buying that quadrillion derivatives bullshit? |