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Anglo Disease watch (5) - just break the thermometer and all is well | 49 comments (49 topical, editorial, 0 hidden)
Re: Anglo Disease watch (5) - just break (4.00 / 2)
That is the problem. The credit rating agencies realise this and decide that breaking the rating system is a lesser evil compared to the adjustment that would occur were they to doengrade all these bonds.

To be honest, I hope the SEC takes notice of what the Bloomberg piece is saying, and investigates S&P and Moody's for "alleged distortion of the credit market".

Can the last politician to go out the revolving door please turn the lights off?

by Carrie (migeru at eurotrib dot com) on Wed Jul 4th, 2007 at 09:27:34 AM EST
[ Parent ]
Re: Anglo Disease watch (5) - just break (4.00 / 4)
But the SEC might just agree that breaking the ratings is a lesser evil than breaking Wall Street. After all, it's their turf, too...

Pierre
by Pierre on Wed Jul 4th, 2007 at 09:40:29 AM EST
[ Parent ]
Re: Anglo Disease watch (5) - just break (none / 1)
The question is how bad is it?. Is this just a moderate adjustment that is being prevented, or a big crash?

Maybe they're just trying to hold out until January 2009, so the crash doesn't happen under Bush's watch?

Can the last politician to go out the revolving door please turn the lights off?

by Carrie (migeru at eurotrib dot com) on Wed Jul 4th, 2007 at 09:48:18 AM EST
[ Parent ]
Re: Anglo Disease watch (5) - just break (4.00 / 2)
There is no way they can postpone it so far. On the contrary, I think a 29-like crash before the election is what bushco wants: chaos, state of emergency, raise of the charismatic leader, etc, etc...

Pierre
by Pierre on Wed Jul 4th, 2007 at 09:57:43 AM EST
[ Parent ]

Anglo Disease watch (5) - just break the thermometer and all is well | 49 comments (49 topical, 0 editorial, 0 hidden)
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