Breaking: Moody's Set to Announce Global Banking Downgrade!!!!!!

Originally posted by Troofseeker
reply to post by jjf3rd77

 

How about you two kiss and make up so the rest of us can get on with discussing the topic properly? For what it's worth you acted like an arrogant prick with your dismissive attitude to sealing's post. Get over yourself.

LOL agree! the op tries to defend himself THREE TIMES and gets pwned all 3 times. we really need to just discuss the matter instead of pwning the OP, even though he kind of put himself in those positions

Originally posted by camaro68ss
Morgan Stanley now faces a $6.8 billion margin call tomorrow after being dropped two notches

Suckers!

edit on 21-6-2012 by camaro68ss because: (no reason given)

A Margin Call on what, based solely on their credit rating being downgrade??

Margin calls are demanded on many leveraged, open commod or financial instrument positions (whether short or long) but having their credit rating downgraded only means that their costs of doing business (i.e. borrowing money or raising capital etc) gets more expensive, as rates on those funds (and most likely to be of concern would be the overnight, very short term or LIBOR markets) would ramp upwards accordingly...

... but how any of this would effect or activate increased margin calls for them, I just don't make the connection.

Sorry.


Edit: oh.. and on leveraged forex positions too of course... plus others... blah blah

Just been announced here in Canada that as of June 29 Mortgages will be up to 25 yrs only and only 80% will be lent. That is across Canada and we already have a slumped housing market. I think Royal Bank of Canada is also on the downgrade list.

I do hold the theory we are possibly going into some form of global meltdown...not necessarily because of this, but because of the tightening of belts all over the globe. I have no idea whats going to happen but I do sense some foreboding doom and hard times to come.

JP Morgan Chase was downgraded twice. They already made a 2 billion mistake this year. I don't know much about the market but I have money in the bank with Chase. What does this mean? Do I need to pull out and find another bank? Am I in trouble? I hope these aren't stupid questions but I am a little worried.

Thanks for listening!

They all should be downgraded as far as I'm concerned! Isn't it funny that on the week of the downgrade from that shower of courrupt mess Moodys, Natwest (RBS) has a computer "glitch" that means its customers haven't a clue what money is coming and going from their accounts. Absolute mess! I'd downgrade the whole lot, I try to save as much as I can every month which is usally little but if I work my backside off it can be a bit, but I do try and these thieves offer me 0.0000003% interest then loan my money out for 8%+?!?!?! Downgrade them all then nationalise the whole F'ing lot while hanging the Board members from lamp posts, along with the heads of IMF and BIS and someone needs to dissolve BOE's MPC, another waste of time and space! Filthy thieves the lot of them!

Originally posted by texasgirl
JP Morgan Chase was downgraded twice. They already made a 2 billion mistake this year. I don't know much about the market but I have money in the bank with Chase. What does this mean? Do I need to pull out and find another bank? Am I in trouble? I hope these aren't stupid questions but I am a little worried.

Thanks for listening!

No, your questions are not stupid, not by a long shot. I think there are more than just a couple of people out there who are not having the same concerns you express. But nobody can answer those questions but you after gaining some education and qualified advice from a professional.

What I would advise is to make an appointment to sit down and discuss it with an independent 3rd party, meaning not someone affiliated with any bank especially the one you have your money in. Call a local CPA or CFP (Certified Financial Planner), ask friends for recommendations on these if possible. Interview a couple, kind of like you would when finding a new Dr. You have to be comfortable with the person you are discussing your finances with, it's really that important. Having worked in a CPA office who was also a CFP and used to this kind of thing, they should not mind you making an appointment for an initial face to face 'interview' or consultation. It may cost you a little to do this, but in my humble opinion it well may be worth the price to ease your mind. Be specific when making the appointment stating clearly you have your money in XYZ bank, it's recently been downgraded and you are concerned about your money and are looking for some guidance in whether or not to move your money. This way it's upfront as to why you want to talk to them and your time will not be wasted.

I know you were looking for answers and I am sorry I've not really provided any. However, be wary of specific financial advice on a forum board such as this. You don't know who you really are dealing with and these kinds of things are better left to be discussed face to face with a qualified individual that you are comfortable with. Hope this helps some.

Thanks, MyMind... That is good advice. I worked so hard for my money and I am on my own and if anything happens to it I am ruined.

Originally posted by sealing
reply to post by jjf3rd77

 

You know "oops I'm sorry when I said you brought useless crap to my thread" would have worked too.

Take it easy. The member is from Joisey its a Joisey thing to be direct thus being open. I should know Take it easy and just focus on the subject.

I'm sure that they've got all their buddies SHORTING the currencies before they announce.

Why is this company even allowed to be in business anymore? Moody's and Hoovers were part of the CDS problem because they traded AAA ratings for "consulting" fees. They made more money consulting with clients than rating bonds and such -- and GUESS WHO would get good ratings? No, really, guess -- you'll never in a million years,...

... Oh, you guessed the clients they were consulting for? Dang - -you are good.

>> All the US banks need to do is to throw money at Moody's and the "ratings downgrade" will go away. Poorer people might call this extortion -- but poor people rob banks instead of own them -- they've got no sense at all.

Originally posted by VitriolAndAngst
>> All the US banks need to do is to throw money at Moody's and the "ratings downgrade" will go away. Poorer people might call this extortion -- but poor people rob banks instead of own them -- they've got no sense at all.

Its like the garth brook song..'I got friends in 'high'..oops 'low' places'

What did you expect Moody's to be fair and square? They're just like any other paid shills on ATS and the EPA, FDA etc etc where one day a manufacturer is shot down with scientific studies and after few months, the same product/service is praised and/or announced as beneficial

the world economic collapse is being meticulously orchestrated...Moody's & co belongs to the illuminatis, this is done on purpose in order to switch to the new world order

reply to post by jjf3rd77


I didn't figure they would cut America's credit rating down like the did the European countries. It's all a show anyway.. Everything's as #ty after the credit downgrade as it was the day before.

So down one notch from a triple A. They would have done more if the were basing it on the trend rather than the need to downgrade.

Click here for more information.

Moody is an accounting firm with transparency. It bases its assessment of the world of finance upon collected data, easily gleaned from transactions and tax data. Mouths can lie, but accounting figures can't, more so an independant accounting agency. They earn their profits by being open and transparent.

(It isn't gonna stop at 15 banks, but more as the systemic collapse of banks around the world witl come, including China and BRICs)

Unfortunately, I cannot say the same for banks, and upon the 'leverage' system that they employ through the use of naive and trusting depositors funds, where for every dollar the banks has, thanks to 'fractional banking', 80cts can be loaned out, instead of the other way around, cos bankers always claimed NONE will withdraw their funds at the same time, same hour.


In good times, that would be true, but today...well...it happened. Bank runs are becomming the norm. Banks only have est 20% of depositors funds. What's gonna happen to the balance 80%? Your guess is as good as mine - suck thumbs.

Where did all the money go? Thanks to cronyism, corruption, casino stock market, debt enslavement of 3rd world states, home safes, etc, that's where it all went, into unproductive hoarding up use instead of being circulated, leading to companies and home owners having problems with loans, workers get stuck with non-paying jobs, etc.

Take a bow, mankind. Our faith, trust and worship of bankers and the banking system has finally opened our eyes to the current achievement - doom for all.

Right now, there are only 2 ways to save humanity.

1. Print as much money as possible, even up to $700 Trillion - as that was the amount in terms of 'leverages' bankers had promised with their financial games, and devalule dollars around the world to make up for money hidden away so that circulation is possible.


2. Do Nothing - as Dr Merkal may be secretly doing. She is practical person, a physicist by trainning who sees only black or white, with no shades of grey in between. Let it all collapse, and then from the ashes, the phoenix of financial stability and reform will arise. But then..euwwww....how many billions of humans will suffer......

reply to post by jjf3rd77

Moody's have just downgraded 28 Spanish banks.....

Moody's downgrades ratings at 28 Spanish banks

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service late Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks by one to four notches.

Originally posted by FalseFlagOnOlympics
the world economic collapse is being meticulously orchestrated...Moody's & co belongs to the illuminatis, this is done on purpose in order to switch to the new world order

Even if there is an illuminati conspiracy -- you'll get a lot more support if you just point to the "ratings fixing" history of Moody's and call them out for money grubbing and extortion.

While I believe there are a few cabals of rich people conspiring (and always have been), I don't think we need super secret ancient plots to describe the way the world works.

... and this nonsense about a New World Order -- if there were a huge, powerful conspiracy like the Illuminati -- doesn't that presuppose that there is an Old World Order already in power? They don't need the UN or one world government -- they've been running things happily for centuries having one ethnic group or nation at another groups throat. Divid and conquer. The Old World Order is working out great for the robber barons.

Besides -- there is a long list of things the UN has done to make the world more stable and peaceful. If anything -- one world and "uniting nations" is a thorn in the side of the Old World Order -- and it's people who constantly look for conspiracies in peace activism, environmentalism, and human rights groups who help keep the brush fires going. The UN is a new-fangled thing that is nor perfect, but it's a bit less bloodthirsty than the status quo.

>> So anyway; just a bit of advice from someone who is already "out there" -- adding farfetched and unproven on top of an allegation never helps bring justice or resolution. It's provides more smoke than light.