Monday, September 15, 2008

S&P Lowers AIG Credit Rating

S&P lowers their ratings on AIG and keeps them on watch negative. S&P lowered their long term counterparty rating to an A-2. Per CNBC.

Larry Fucking Kudlow just tried to spin it positively... I shit you not.

Hey Larry Kudlow... FUCK YOU!

This will increase the possibility of, and hasten the speed of an AIG bankruptcy.

They have a balance sheet of over a trillion dollars.

UPDATE: Maria just chirped in saying that over-regulation is exacerbating this problem. Note to Maria and all idiots everywhere.... had these firms been better regulated, perhaps they all wouldn't be over-leveraged. Listening to her and Larry love on each other because they agreed about over-regulation was just too much... CLICK!

7 comments:

Pete said...

you see this?

nice day - congrats

Pete said...

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_K/threadview?m=tm&bn=10155&tid=65448&mid=65448&tof=-1&rt=2&frt=2&off=1

Dinosaur Trader said...

Ha, that's great!

-DT

Jorge said...

AIG and WaMu have been given the kiss of death imo. Expect AIG to fall this weekend with WaMu right after.

Dinosaur Trader said...

Faber said it could be as early as Wednesday, unless AIG comes up with $75 billion by tomorrow.

-DT

Jorge said...

Well then AIG better bust out their AmEx Centurion card..

N. James said...

Yeah, I basically wanted to throw up when I heard Kudlow say that. Tomorrow is gonna be a massacre.