S & P Downgraded U.S.

[guido911]

Yeah, well, it is extremely disingenuous of her to come forward at this ridiculously late date and start making all these "oh so sincere and intense" protestations.  Where the hell was she in 2001??  Or 1981 for that matter?  Or 1969, when Nixon was doing his thing?  Oh, yeah...she wasn't alive then!  And has no sense or knowledge of history now!

It's all just a bunch of blah blah blah blah blah blah....

According to this link she is 42, although I don't know how accurate that is. My guess is she may be a bit older.

http://www.nicolewilliams.com/community/living-the-dream-amilya-antonetti

So in 2001, that would make her 32 (or a bit older) and running Soapworks. In 1981, she would have been about 12. Next dumb@ssed question.

[guido911]

LOL, it's not about the website or the filings per se, it's that I don't believe much of her story beyond the fact that The SoapWorks, Inc. once existed and, by her own admission, didn't make much in the way of profit. I guess it just takes more to impress me than it does you. And yeah, I consider it a sign of disorganization when a person is chronically under threat of having their company dissolved because they can't be arsed to do 10 minutes worth of paperwork each year.

If I had wanted to get terribly nitpicky, I would have pointed out that she isn't in fact the CEO of AMA Productions. She's the President.

FWIW, I did finally get California's idiotic website to bring up SoapWorks. It was registered there prior to moving to Arizona, it turns out.

Still running away from your idiotic "PR hack" crap. You suck. Moving on.

[nathanm]

Oh, too bad. My (former) 1099 contractors will be sad to learn they don't count.  

Guido, I stand by my PR hack assessment.

Anyway, back to the topic instead of Mrs. Soap and myself: Why are Treasury yields way down and the stock market in the tank if the problem is Obama? Shouldn't it be the other way around? Even skyrocketing yields and a tanking stock market would make sense if the Government's balance sheet is the problem.

[Hoss]

Still running away from your idiotic "PR hack" crap. You suck. Moving on.

Wow, awesome retort...I can pair you up with my 7 year old nephew if you need pointers.

[Gaspar]

Gas, get ready for the "I hired a neighborhood kid to mow my lawn" or "I hired an HVAC guy to fix my air conditioner" as  contractors he employed.

Close. It's going to be "My boss had me hire a dry-wall guy once, and we hire people to paint and carpet all the time."

But that's Ok.  We can leave him alone now.  He has proven his, and our points from their respective vantage points. 

[heironymouspasparagus]

According to this link she is 42, although I don't know how accurate that is. My guess is she may be a bit older.

http://www.nicolewilliams.com/community/living-the-dream-amilya-antonetti

So in 2001, that would make her 32 (or a bit older) and running Soapworks. In 1981, she would have been about 12. Next dumb@ssed question.

Ahhh....poor little guido....got his panties in a wad 'cause he is always so wrong....

As always, completely missing the point.  At ANY point during the last 10 years, she could...and SHOULD have come forward and said something.  This type of thing is something that should have been complained about continuously without end.  But then, that doesn't play to the audience by the script, does it?

[Conan71]

See you and raise you:

[nathanm]

Hey, Gassy! You know Warren Buffett also agrees with your sig.

Of course, he may just be hurt by being downgraded himself..

Edited to add: I'd still like to know why it is investors are flocking to US Government debt and away from equity in private companies if the public sector is the problem. I thought the invisible hand of the free market knows all?

[Teatownclown]

Let's see, what do ESS and PEA stand for?

They, in their stupidity, waited until now? Why didn't they do it when the GOP/Teabaggers were doing their extortion? THAT would have sent the stupid congress people a warning. Instead, we get put in a downward spiral by a rating agency that missed rating all derivatives in the Bush era.

The problem is the real economy. We need to grow out of this mess and increase tax RECEIPTS. QE3 won't do much....

Geeebuss....

[Cats Cats Cats]

You running down this woman too Sheen? I guess a woman being a CEO doesn't amount to much.

Bahahahaha

[nathanm]

David Frum says:

The bond market has reacted to the S&P downgrade of US debt with a big rally in US Treasuries. As I write, the US government can borrow money for 10 years at about 2.3% and for 2 years at under one quarter of a point. The market wants to buy, buy, buy US debt.

What the market wants to sell are stocks:  ie, claims on the future earnings of private-sector companies.

Bloomberg has quite the hit piece out on S&P:

Standard & Poor's, the rating company that downgraded the debt of the United States to AA+ from AAA for the first time, now finds itself assailed by investors led by billionaire Warren Buffett for making a political decision that has more to do with Tea Party politics than the financial stability of the U.S.
...
The debate will continue, said Litan. "Our politics were dysfunctional before this and I think they'll be even more dysfunctional now," the former Treasury consultant said. "Anything that's a gift to the Tea Party makes it even less likely that we'll get compromise."

http://www.bloomberg.com/news/2011-08-08/s-p-seen-surrendering-to-tea-party-at-expense-of-u-s-taxpayer.html


Speculation is that S&P downgraded as a hedge against their own reputation being completely destroyed in another big AAA meltdown, not because it's the right rating.

[we vs us]

That's a very clear-eyed description by Mr. Frum.  He's one of those guys, like Christie, whom I disagree strongly with but appreciate the fact that we seem to inhabit the same factual universe.  Maybe I'm just nostalgic, though, for the old lineGOP.

[nathanm]

More fun:

http://www.observer.com/2011/08/airplane-flying-banner-by-s-p-offices-thanks-for-the-downgrade-you-should-all-be-fired/

[Conan71]

More fun:

http://www.observer.com/2011/08/airplane-flying-banner-by-s-p-offices-thanks-for-the-downgrade-you-should-all-be-fired/

Let's just hope some lone nut-job doesn't see fit to try and fly his plane into the offices of S & P

[GG]

Not as good as Hitler's take, well maybe it is.  John Stewart as usual is funny and on the mark.

http://www.mediaite.com/tv/mad-as-hell-dylan-ratigan-goes-on-epic-rant-over-trillions-extracted-from-u-s/