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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (30399)9/27/2010 8:44:35 AM
From: Giordano Bruno2 Recommendations  Read Replies (2) | Respond to of 71475
 
Moody's, Standard & Poor's named in Washington antitrust complaint

Moody's and Standard & Poor's "maintain 'investment grade' credit ratings for China," according to the complaint, even though the "demonstrably false ratings which are distributed through the use of the wires and mail ignore China's default and thereby enable the Chinese communist government to shed its foreign debt obligation and to do so free from a default penalty."

Also named are Goldman Sachs and Morgan Stanley for their roles as credit rating advisers to the Chinese government.

wnd.com

globalsecuritieswatch.org



To: ggersh who wrote (30399)9/27/2010 9:07:59 AM
From: Real Man  Read Replies (1) | Respond to of 71475
 
If Dodd and Frank are responsible for this mess,
what good can Dodd-Frank act do?

en.wikipedia.org

Commodities is the only place where derivatives had
a meaningful decline of notional value. The
"fix" was the usual liquidity injection that led us to this
mess, the only difference was the size of it.



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