Moody's has cut the credit ratings of several big Wall Street banks, because it's less confident that the government will bail them out if they fuck up. Baby steps.
Moody's Puts U.S. Credit Rating Under Review
The idiots who decided to extort the debt ceiling for their ideological demands, because they're incapable of making their non-arguments persuasively enough in the usual court of public opinion, are not getting nearly enough shit for their psychotic, economically illiterate actions. Now the United States has the…
Moody's Puts Government on Notice over Debt Ceiling
Here's some lovely Thursday afternoon news: The credit rating agency Moody's has pre-warned the United States about the possibility of debt default later this year, saying that it will downgrade ratings on America's public debt — the safest investment in the world — from AAA to AA should an agreement not be reached.
Irish Banks Get Junk Rating from Credit Scammer
Highly questionable ratings agency Moody's today classified Ireland's banks as junk — which is sort of like saying Ireland isn't trustworthy enough for a Discover card.
Moody's: GOP Budget Would Cost 700,000 Jobs
The Republican plan to cut government spending by more than $60 billion dollars will cost the unemployment rate dearly, according to a new report from Moody's Analytics.
Moody's Gives Ireland the Finger
Moody's, the global credit rating scam agency, dropped Ireland's government bond rating five notches today from "Aa2" to "Baa1," which isn't good (at all)! Greece and Spain could soon feel the Moody's hammer, too. Sucks to be them!
S&P's Goin' Nuts, May Downgrade Chief Rival Moody's
S&P is so slick! The credit-rating agency has comically put rival Moody's on its watch list for a downgrade, replete with a lecture about how reform legislation (that applies to both firms) will devastate Moody's, only. Oh, it's on now.
Credit-Rating Agencies Won't Even Get Slapped on the Wrist
Al Franken's tough financial reform amendment regulating credit-rating agencies has been stripped in favor of something far more draconian: regulators will "study the issue and take action only if they think it is necessary." Brutal! Moody's must be terrified.
How the Credit Rating Agencies Engineered the Goldman Sachs Bailout
Last year's financial collapse was made possible by the greed and incompetence of credit rating agencies, who got paid to lie about the value of subprime debt. It turns out they were responsible for the Goldman Sachs bailout, too.
The Claws Are Out on Capitol Hill
• The AIG mess rolls on. Lawmakers are up in arms. Voters are pissed. Tim Geithner is on the defensive. President Obama's agenda has been disrupted. And AIG chief Ed Liddy will get to see some of the emotion first hand when he turns up on Capitol Hill later today to face the music. [NYT, WSJ, BN]
• Billions used to…
Martha Sells, Kristol Departs, Ad Pages Fall
• Martha Stewart has sold a third of her shares in her eponymous media company. But she's still as anal as ever around the office. [NYP, Gawker]
• Bill Kristol's New York Times column has come to an end. [NYT]
• Fashion and beauty magazines will see a 22 percent decline in advertising pages during the first three…
