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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (26602)	3/30/2005 7:37:42 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 116555

<<When General Motors Corp. tore up this year's financial projections on March 16, credit rating companies should have responded by instantly slashing the automaker's debt to junk. Their failure to pull the trigger is both puzzling and troubling.>> It's not puzzling....if you understand that the rating agencies are a bunch of corrupt thugs bent on facilitating transfer of wealth into insiders pockets (and not troubling if you remain short the stocks of the compaines involved). Look at how they behaved during the Conseco, Enron and WorldCom fiascos, absolutely deplorable.

To: russwinter who wrote (26602)	3/30/2005 11:51:34 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

A Tsunami Wave of Foreclosures globaleconomicanalysis.blogspot.com Mish

To: russwinter who wrote (26602)	3/31/2005 12:35:24 AM
From: mishedlo	Respond to of 116555

The Venus de Milo had better wear a top and Michelangelo's David should put on some pants if they're going to be seen at a yard art business. Bartholomew County officials told the business near Interstate 65 that it must move cement copies of the classical statues — and about 10 others — out of public view because they are obscene under Indiana law. sfgate.com