The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label ratings. Show all posts
Showing posts with label ratings. Show all posts

Monday, July 21, 2014

Obama administration continues assault on financial companies that challenge the State

Two weeks ago, the Department of Justice finalized an agreement with French Bank BNP Paribas to admit guilt, and pay $8.9 Billion in what is the largest settlement ever tied to violations of ‘U.S. decreed sanctions’.  According to the DOJ, BNP Paribas conspired to ignore sanctions imposed on Sudan from 2002-2009, but the real story is that this indictment and fine were sent as a warning to France, and other Eurozone nations to not do business with Russia, as the charges occurred at the same time French authorities were completing a new naval deal with Vladimir Putin.

However, foreign countries are not the only ones to receive the financial hammer from Washington for daring to go against the State’s agenda.  On July 16, the same Department of Justice issued a $1 billion fine against Standard & Poor’s (S&P), for spurious claims that they inflated bond ratings for banks leading up to the 2008 credit crisis.  The truth of the matter is, the Obama Administration used these fake charges as leverage, just as they did with BNP Paribas to punish S&P for their downgrading of America’s AAA rating back in 2011.



Read more on this article here...

Monday, January 16, 2012

Greece: defaulting on the content of their character on MLK Day

Today, the head of Sovereign Ratings for Standard and Poor (S&P) came out and stated that a default of Greece in not only likely, but imminent.

  • KRAEMER: GREECE, CREDITORS `RUNNING OUT OF TIME' IN DEBT TALKS -BBG
  • KRAEMER: EURO LEADERS HAVEN'T TACKLED CORE UNDERLYING PROBLEMS -BBG
  • KRAEMER SAYS EUROPE MUST DEAL WITH IMBALANCES, COMPETITIVENESS -BBG
And the punchline:
  • KRAEMER SAYS HE BELIEVES GREECE WILL DEFAULT SHORTLY - RTRS -          Zerohedge

In reality, Greece defaulted last year when it failed to rollover debts that came due in the Euro Zone, but like most zombie banks and nation states, central banks in the West are able to keep the old men from dying long past the point they were little more than a stinking corpse.

Tuesday, December 13, 2011

Moody's may downgrade Spanish bank ratings

Late yesterday, Moody's rating agency said that they might be downgrading more Spanish banks as their solvency in the Euro Zone falls.

Moody's on Monday placed eight Spanish banks and two holding companies on review for possible downgrades due to expectations of increased losses stemming from their commercial real estate exposure. The move was prompted by Moody's reassessment of all Spanish banks which indicated a projected decline in earnings generation capacity due to a weaker growth outlook for the Spanish economy. - Marketwatch

Frankly, isn't it about time they were all downgraded enmasse, since liquidity and solvency for the majority of them is a smoke and mirrors over-leaveraged sham.