S&P Downgrade Effects

[Lyosha]

Tomorrow will be an interesting day.

 

[rishab dhar]

Main indices are down 4% - loose all their gains.

 

[Andy Nguyen]

As I said in a previous thread: vegetable garden

As stated in previous thread: I have a KILLER one. Although in Russia... :-/

http://www.nytimes.com/2011/09/09/us/09gardening.html

 

[Andy Nguyen]

http://dealbook.nytimes.com/2013/02/04/u-s-and-states-prepare-to-sue-s-p-over-mortgage-ratings/
The Justice Department filed civil fraud charges late on Monday against the nation’s largest credit-ratings agency, Standard & Poor’s, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck.

The suit, filed in federal court in Los Angeles, is the first significant federal action against the ratings industry, which during the boom years reaped record profits as it bestowed gilt-edged ratings on complex bundles of home loans that quickly went sour. The high ratings made many investments appear safer than they actually were, and are now seen as having contributed to a crisis that brought the financial system and the broader economy to its knees.

 

[rockanalyst]

this just appeared on MarketWatch

http://blogs.marketwatch.com/thetel...-best-coins-and-downgrade-mortimer-downgrade/

 

[rockanalyst]

Take look at Clause Number 201 and 202 on page number 59 and 60 of the Complaint.