• 09 Oct 2008 at 3:24 PM

S&P Keeps Knocking Them Out Of The Park

By Bess Levin

The ratings agency just put GM on credit watch negative, though it “believes [the company] has adequate liquidity for the rest of 2008.”

Comments (21)

  1. 1
    Posted by guest | October 9, 2008 at 3:28 PM

    First Bitches!
    #5 eats my ass.
    SPODE

  2. 2
    Posted by guest | October 9, 2008 at 3:29 PM

    I predict North American auto sales will be down last July.

  3. 3
    Posted by Tapecracker | October 9, 2008 at 3:30 PM

    Nicely played #1!

  4. 4
    Posted by guest | October 9, 2008 at 3:31 PM

    What are the barriers to entry for creating a ratings agency, seems like this could be a fantastic opportunity? I know its a ridiculous suggestion, but what about a government sponsored ratings agency, that operates under the auspices of the federal reserve and is thus semi immune from politics.

  5. 5
    Posted by guest | October 9, 2008 at 3:31 PM

    dis no good
    -MoneyGrip wisdom

  6. 6
    Posted by Tapecracker | October 9, 2008 at 3:34 PM

    @5, please don’t talk with your mouth full.

  7. 7
    Posted by guest | October 9, 2008 at 3:35 PM

    dis has all the parks and you can’t get a room. I know I’ve been trying, they are all booked up. And, HS Musical is coming out.

  8. 8
    Posted by guest | October 9, 2008 at 3:35 PM

    “They’re good for the next 10 weeks, beyond that, look out.”

  9. 9
    Posted by guest | October 9, 2008 at 3:40 PM

    7 Please elaborate. DIS is an expensive place – for what it is. If folks decide to turn thrifty (and move off site or not go at all), those reservations can get cancelled real quickly.

  10. 10
    Posted by guest | October 9, 2008 at 3:47 PM

    Im on a role.
    Its time to go solo.
    http://www.youtube.com/watch?v=Vp-is6S_b_g
    SPODE

  11. 11
    Posted by MarshallStack | October 9, 2008 at 3:52 PM

    Go Spode – go go
    throw your hands up in the air
    shake your ass like you just don’t care
    ARGGGGGGGGGGGHHHHHHHHHHHHHH

  12. 12
    Posted by Anal_yst | October 9, 2008 at 3:54 PM

    @2
    Best comment of the day (that I’ve read)…sadly thats about how it works over there, sheesh!

  13. 13
    Posted by guest | October 9, 2008 at 3:58 PM

    @7 – see if AIG had any upcoming events booked at DIS. If so, that space will free up.

  14. 14
    Posted by guest | October 9, 2008 at 4:08 PM

    #9, you are forgetting their time share. People have to use the points, they will in all probability use them in the parks.

  15. 15
    Posted by guest | October 9, 2008 at 4:10 PM

    What song do we play when the market drops more than 500 points.
    Well let me tell you.
    http://www.youtube.com/watch?v=eONhto0x_nI
    SPODE

  16. 16
    Posted by guest | October 9, 2008 at 4:15 PM

    now this post is downright frightening”
    “this is not a technical market…. it is broken, and suffering from systemic collapse…. value , liquitity, debt, have all been corrupted, thats why billions and billions fed pumps in has no effect…..graphs, charts, and every technical judgement is garbage….the fed will eventually suspend trading, and completely take over the show….and create a new temporary language for exchanging goods and services.. everythings a myth in this landscape. the fed has to create order”
    http://tinyurl.com/3wt57p
    Why would anyone post something like this? What can they gain by it?

  17. 17
    Posted by cheesedog | October 9, 2008 at 4:27 PM

    If a meteor struck the building that houses the rating agencies, the Dow would rally 1,000 pts.

  18. 18
    Posted by guest | October 9, 2008 at 4:27 PM

    @4
    Yea, good idea, what could be more immune from politics than a government affiliated agency?

  19. 19
    Posted by Anal_yst | October 9, 2008 at 5:36 PM

    @ 4/18
    Or just mandating that ratings agencies have to go back to a subscription model instead of an issuer/underwriter fee model would work, but yea, that’s way too simple so that’ll never happen

  20. 20
    Posted by Goldman Sachs Neophyte | October 10, 2008 at 12:20 AM

    I hope GM fails. American automakers only really excell in the SUV and truck markets. Screw american automakers. I feel Japan is very superior in things like fuel economy, durability, and value. I think Germany and Britain are superior in luxury and I think Italy and Germany are superior in performance. Stupid American automakers and their unions. Damn, I am disgusted by blue color jobs and the people that perform those jobs.

  21. 21
    Posted by Goldman Sachs Neophyte | October 10, 2008 at 12:25 AM

    @ 15, I think I have a better song: Give It To Me Baby by Rick James.
    Also SPODE.
    - The neighbor of The Guy From Delaware.

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