was the 500pt sell off s&p insider trading?, page-21

  1. 11,875 Posts.
    i believe it was know well before hand how deep the cuts were needed to avoid a downgrade and how soon congress had to sort out the issue

    when the debt ceiling was raised at the eleventh hour with minimal cuts then the downgrade was a done deal in the eyes of the market as it fell far too short of the cuts expected by moodys and it was too slow in execution

    two strikes and yer out!

    remember moodys copped a lot of criticism about their ratings system being too generous to vested interests and this is their payback



 
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