Moody's Downgrades The UK From AAA To Aa1

http://www.zerohedge.com/news/2013-02-22/farewell-aaa-moodys-downgrades-uk-aaa-aa1

Moody's Warns On USAAA Rating; IMF Piles On

It appears the cozy relationships between the credit ratings agencies and the US Treasury are starting to thaw a bit...same with the status quo coordination between the Fed and the IMF, the central banks' central bank.  You know things are getting dicey when the powers-that-be interconnectedness is fraying at the edges.

http://www.zerohedge.com/news/2013-01-02/moodys-warns-usaaa-rating-imf-piles

Moody's downgrades $64 billion of U.S. muni debt

Moody's has downgraded the credit ratings of over a thousand local and state governments.  Why do we have to find out from a foreign news media outlet?  Where is the US media coverage of it?

http://www.reuters.com/article/2012/06/22/us-municipals-downgrades-moodys-idUSBRE85L1AK20120622

MOODY'S DOWNGRADES GLOBAL BANKS

http://www.businessinsider.com/downgrade-watch-five-us-banks-will-be-hit-in-moodys-cuts-2012-6

Moody's suggests U.S. eliminate debt ceiling

The theater of absurd gets absurder. 

http://finance.yahoo.com/news/Moodys-suggests-US-eliminate-rb-3027300132.html?x=0&sec=topStories&pos=main&asset=&ccode=

Moody's adds pressure to stalled debt talks

Okay, we get Moody's is itching to downgrade the US credit rating if the debt ceiling isn't lifted.  But this? 

http://www.reuters.com/article/2011/07/13/us-usa-debt-idUSTRE7646S620110713

Obama abruptly ended a tense budget meeting with Republican leaders by walking out of the room, a Republican aide familiar with the talks said.

The aide said the session was the most tense of the week as House of Representatives Speaker John Boehner, the top Republican in Congress, dismissed spending cuts offered by the White House as "gimmicks and accounting tricks."

Moody's warns it may downgrade US credit rating

http://finance.yahoo.com/news/Moodys-warns-it-may-downgrade-apf-1159974886.html?x=0&sec=topStories&pos=main&asset=&ccode=

Moody's May Cut US Rating on Tax Package

I recall Treasury Secretary Geithner declaring US Treasuries being downgraded from a AAA credit rating being "impossible."  Well, the unthinkable is now tangible, according to Moody's.

http://www.cnbc.com/id/40641123

SP downgrades Moody's

http://blogs.telegraph.co.uk/finance/tracycorrigan/100006756/why-sp-is-worried-about-moodys-and-vice-versa/

In an ironic twist, S & P is downgrading Moody's, which signals the beginning of a mutual cannibalization frenzy among the 3 credit ratings agencies (Fitch being the other). They all enabled and perpetuated the financial Ponzi schemes by assigning AAA credit ratings on worthless, toxic mortgage-backed securities, but the government did nothing to disembowel them. They also missed on the financial collapse and insolvency of major banks. It's ironic because while the government didn't kill them off, they will do it to each other.

More quantitative easing

As predicted, and against a backdrop of Fed-speak about "exit strategies" several months ago, the Fed is continuing to implement quantitative easing, i.e., printing money out of thin air. The Fed will do everything in its power to avoid another Greek "austerity" situation, delaying the inevitable currency crisis as long as possible.

Treasury Secretary Tim Geithner has also declared the US government will never lose its AAA credit rating. Moody's, the credit ratings agency, says the possibility is very real, due to soaring debt levels and deficits. Fed Chairman Ben Bernanke, former Treasury Secretary Hank Paulson, and former New York Fed Governor Geithner completely missed the housing bubble, financial crisis, and deep recession in their testimonies. Why should any of us believe them now?

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi67iwyHumnupeWuGg7qEQ2To9GBola6OEBode3_nmkIxKUE4AqQOSD2JgQ5ueibOXmzWMb_watYDMc0WFncI18s84s3ZLO5SjWlIdz2HFDsv7ta9S2GaO48XUnlHsrODf4sAUmosmdK24r/s1600-h/BOGAMBSL.JPG

Moody's puts US AAA credit rating in question

One could argue the US government is already insolvent. Is it coincidental that Berkshire Hathaway's Warren Buffett is reducing its holdings in Moody's, the credit ratings agency? Berkshire, the American icon of capitalism, itself was recently downgraded.

http://www.nytimes.com/2010/03/16/business/global/16rating.html

Geithner says US will never lose AAA credit rating

US Treasury Secretary Tim Geithner says the US could never lose its AAA crediting rating. Seeing how the track records for the Fed and US Treasury are spotty regarding economic forecasts, I'll beg to disagree with Geithner.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahGwg7V3u3Gs&pos=3

The major credit ratings agencies missed the subprime and financial crises, failing to downgrade insolvent banks and toxic mortgage-backed securities, so for them to call into question the sovereign credit risks of Dubai, Greece, Spain, Portugal, Ireland, the UK, Japan, and now the US, should cause one to sit up and take notice.

Moody’s Investors Service Inc. last week said the U.S. government’s bond rating will come under pressure in the future unless additional measures are taken to reduce budget deficits projected for the next decade.

US to lose its AAA rating?

The thought of America losing its AAA rating is, well...unthinkable. And I felt un-American for thinking it--after all, we are the greatest economic power of all-time. But as I've posted in the past, the fundamentals for Uncle Sam's financials are in the dumper. Republicans and Democrats are equally to blame--idealogical and partisan differences are irrelevant, as all our elected officials and the Fed share the blame.

David Walker, the former Comptroller General, resigned his top government accounting post because he did not agree with his own government's fiscal and monetary policies. In other words, he couldn't sleep at night, so he quit. Now that he is in the private sector, he can speak the truth. If this doesn't scare you, you're incapable of fear.

http://www.ft.com/cms/s/0/5534bd04-3f27-11de-ae4f-00144feabdc0.html