• 08 Feb 2010 at 4:19 PM

US Will Neva, Eva Lose AAA Rating, Says Tim Geithner

By Yaël Bizouati

Comments (8)

  1. 1
    Posted by guest | February 8, 2010 at 4:28 PM

    We’re Doomed!!!! Good bye Triple A!

  2. 2
    Posted by guest | February 8, 2010 at 4:44 PM

    Wow this is just like when BB told us real estate industry wasn’t in a bubble and he doesn’t see any issues with pricing.
    I would love Yurtle the turtle to draw us a map of how spending our economy into the largest debt, when we build nothing. Can help us keep our AAA rating.
    Obama has got to go and take this idiots with him.

  3. 3
    Posted by guest | February 8, 2010 at 4:54 PM

    TG is the biggest joke since Obama’s 2 trillion dollar spending budget to curb spending.
    I would laugh but its so sad how fucked we are. I think if you voted for Obama you should have to pay the higher taxes required to pay for his bullshit.

  4. 4
    Posted by Pfluger the Barbarian | February 8, 2010 at 5:00 PM

    When those wrinkles on his forehead appear, he’s fibbing. The more wrinkles, the greater the lie.

  5. 5
    Posted by guest | February 9, 2010 at 12:04 AM

    2 things:
    at the point of downgrade, the government will step in to crush moody’s and S&P to either impose their will in maintaining “AAA” or put them out of business so they can’t issue a rating
    i hope i’m wrong, but i feel like we’re going to see this clip again someday
    i think obama and his politburo are a disaster for this country, but let’s be realistic, mccain was no better, and neither party is at all willing or able to be honest with the american people and tell them the only way out of this is time and pain. we’ve been on the dangerous path toward a welfare society for almost 80 years and the borrowing has been going crazy for the past 30 (started by the Republican Idol, Ronnie Reagan himself), so there are no quick fixes. and it’s likely a death spiral- we have too much debt to service without hyper-inflating our way out of it and more of it is held by external creditors than is comfortable. i see a big restructuring at some point. we may not default on our external debt, but we may default on public pensions and/or social security at our foreign creditors’ behest.
    problem i have with buying US CDS is who will be left standing as a counterparty that will be able to pay?

  6. 6
    Posted by Post. Fourch. | February 9, 2010 at 8:11 AM

    @4
    good catch, Pfluger. also: notice that he keeps turning his head from left to right on a mf-ing swivel, as if it´s some ¨lying tick¨… or maybe his head disagrees with his mouth.

  7. 7
    Posted by guest | February 9, 2010 at 10:57 AM

    Ahh, Timmy G. The great future face of the Expedia Roaming Gnome.

  8. 8
    Posted by guest | February 9, 2010 at 11:45 AM

    This is the exact kind of obtuse logic that got us into the golden shower we are experiencing today.

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