Truthmatters
Diamond Member
- May 10, 2007
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Egan-Jones Rating Company - Wikipedia, the free encyclopedia
On Dec. 21, 2007 the SEC granted Egan-Jones NRSRO status, thus including them in a group of eight recognized NRSRO's.
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Egan-Jones Rating Company - Wikipedia, the free encyclopedia
On Dec. 21, 2007 the SEC granted Egan-Jones NRSRO status, thus including them in a group of eight recognized NRSRO's.
Nationally recognized statistical rating organization - Wikipedia, the free encyclopedia
Credit Rating Agency Reform Act of 2006
In 2006, following criticism that the SEC's "No Action letter" approach was simultaneously too opaque and provided the SEC with too little regulatory oversight of NRSROs, the U.S. Congress passed the Credit Rating Agency Reform Act. This law required the SEC to establish clear guidelines for determining which credit rating agencies qualify as NRSROs. It also gives the SEC the power to regulate NRSRO internal processes regarding record-keeping and how they guard against conflicts of interest, and makes the NRSRO determination subject to a Commission vote (rather than an SEC staff determination). Notably, however, the law specifically prohibits the SEC from regulating an NRSRO's rating methodologies.
In June 2007, the SEC promulgated new rules[5] that implemented the provisions of the Credit Rating Agency Reform Act.
It just makes you giddy with joy doesnt it
Try adding the manufacturing in china and all the rest of the slave labor nations... then see what the Manufacturing growth is. It's not that American Companies aren't making anything... it's that they've kneecapped the American worker.
84 percent of Americans feel the economy is in poor shape. While some expect economic conditions to improve, a majority-59 percent-believes the economy will still be in poor shape one year from now. It’s the first time in the 14 years that CNN has asked the question that a majority has been pessimistic about the country’s economic future. “That’s a very significant, and very discouraging change in public attitudes toward the economy,”
Try adding the manufacturing in china and all the rest of the slave labor nations... then see what the Manufacturing growth is. It's not that American Companies aren't making anything... it's that they've kneecapped the American worker.
Is there some law that I missed that demands that American companies owe jobs to American workers?
No... we have a revenue problem. More and more people are dropping out of the middle Class tax bracket and into lower brackets, which pay less in taxes. Combine that with all the loopholes that the rich can take advantage of that everyone else cannot.... and you have one hell of a drop in revenue.
Yes.. we spend a lot. I am not denying that. But to sit there and blame one end of the spectrum alone is just partisan bullshit.
9.2% is the offical unemployment stat,, most say it's more likely 25%,, that's why obie doodle has no revenue,, he's been nasty to the business world and incurred debt on them by way of obiedoodle care.. that accounts for decrease in revenue,,
notice how the UE went up with the extension of the Bush tax cuts?
trickle down doesnt work.
Uh oh this puts you guys in are pickle. You actually have to admit that either trickle down and the tax cuts dont work or look like a fool trying to make an excuse for them.
it has because he never really got what he wanted. See he caves to people like you because he fears looking bad or something. If that was me i would have told you to fuck off.notice how the UE went up with the extension of the Bush tax cuts?
trickle down doesnt work.
Uh oh this puts you guys in are pickle. You actually have to admit that either trickle down and the tax cuts dont work or look like a fool trying to make an excuse for them.
I think Skooker is right: You have the IQ of a soap dish.
How about admitting that Obama's entire economic program is a dismal failure that has thrown America on a course for financial ruin?
That's more like it.
Its ok telling me i have the Iq of a soapdish that makes rocks look smart really isnt all that concerning.
Try adding the manufacturing in china and all the rest of the slave labor nations... then see what the Manufacturing growth is. It's not that American Companies aren't making anything... it's that they've kneecapped the American worker.
Is there some law that I missed that demands that American companies owe jobs to American workers?
Try adding the manufacturing in china and all the rest of the slave labor nations... then see what the Manufacturing growth is. It's not that American Companies aren't making anything... it's that they've kneecapped the American worker.
Is there some law that I missed that demands that American companies owe jobs to American workers?
You mean besides them getting American tax breaks? Hmm. Let me think on this.
It's ABOUT DEBT TO GDP!
Egan-Jones Downgrades US From AAA To AA+ | ZeroHedge
Real GDP increased at an annualized rate of 4.0% in Q1 2011, following an increase of 3.5% rise in the prior quarter. Personal consumption expenditures, exports, and nonresidential fixed investment contributed positively to growth during the quarter. Meanwhile, imports rose sharply. In the March 2011 quarter, trade in goods and services resulted in a deficit of $562B, many because of the high price of petroleum. However, the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly cutting spending. We are taking a negative action not based on the delay in raising the debt ceiling but rather our concern about the high level of debt to GDP in excess of 100% compared to Canada's 35%. Nonetheless, since the US's debt is denominated in dollars, a hard default is unlikely.
The debt ceiling is a red herring! It is the SPENDING that is the problem! HOLY FUCK come on people!!!!!!!!
it has because he never really got what he wanted. See he caves to people like you because he fears looking bad or something. If that was me i would have told you to fuck off.I think Skooker is right: You have the IQ of a soap dish.
How about admitting that Obama's entire economic program is a dismal failure that has thrown America on a course for financial ruin?
That's more like it.
Its ok telling me i have the Iq of a soapdish that makes rocks look smart really isnt all that concerning.
Obama had filibuster proof majorities in Congress for 2 years. To whom did he cave? When did he ever even take a stance on anything?
Obama did tell theGOP to fuck off. But in the end something called Reality mugged him and even he realized that raising taxes in a recession was a dumb idea.
IF this administration would back off on some of the regulations the business owners would hire more people and people who want to open a new business they could without all the red tape . A new business would create new jobs!!!
it has because he never really got what he wanted. See he caves to people like you because he fears looking bad or something. If that was me i would have told you to fuck off.
Its ok telling me i have the Iq of a soapdish that makes rocks look smart really isnt all that concerning.
Obama had filibuster proof majorities in Congress for 2 years. To whom did he cave? When did he ever even take a stance on anything?
Obama did tell theGOP to fuck off. But in the end something called Reality mugged him and even he realized that raising taxes in a recession was a dumb idea.
so he didnt raise taxes and the economy stalled out even more.
No he caved to a bunch of morons because he wont hold any stances on anything. Reality Rabbi is everyone in the world wanting us to pass a debt bill and a small fringe of morons trying to bring down the world economy.
You realize stupid that not raising the debt ceiling would kill us right? We had Saudi Arabia saying we had to because they deal in dollars, and if we defaulted it would kill the dollar and oil would cost even more.
Do you actually realize what that would do to our economy? No i dont think you actually do, nor the rest of your moronic ilk. So go ahead complain about 4$ a gallon, because had you got your way and we defaulted we would be paying even fucking more, and YOU would be to blame.
But your too stupid relying on your non working trickle down theories, and how cutting taxes and spending will save us.