"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

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engtuner01077

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Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said.

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Pandering fuck.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Well I think it's both. I'm sure his string pullers are insisting that be his response. As well as the financial community. I suppose if he said their was a chance (there's more than a chance btw!), everyone would lose their shit.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Sorry, I should have put a date on it. It's from April of this year.

http://www.clicker.com/tv/fox-business/geithner--debt-ceiling-will-be-raised-1627408/
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Here is the speech where Obama said we could lose our AAA rating.

http://www.whitehouse.gov/the-press-office/2011/07/25/address-president-nation

I believe this country has great potential but unfortunately (due to the system + mass apathy/ignorance) it is controlled by a kick-back incentive program. This monetary influence in government so far has done nothing short of cripple the nation's debt, outsource nearly every blue collar job, crushed the quality of education, protected the rich and guilty, burned U.S. export and confused the general populous into debt-living.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

http://etfdailynews.com/2011/07/25/i...united-states/

Someone dropped a borab on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating.

In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world.

The massive trade wasn’t placed in bonRAB themselves; it was placed in the futures market.

The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.

The value of the trade was about $850 million dollars. In simple terms, if that was a direct bond buy, no one would be talking about it.

However, with the use of futures, you have to have margin capacity behind the trade. That means with a single push of a button someone was willing to commit more than $1 billion of real capital to this trade with expectations of a 10-to-1 return ratio.

You only do this if you have an edge.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Oh my god. You fucking moron. He isn't saying that there is no chance we will not lose our triple A rating even if we default. He was saying, Congress cannot possibly let us default, it won't happen, so there is no real threat of losing our rating. Tim Geithner from 4 months ago didn't realize how bat shit crazy tea party Republicans were. Oh how naive.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

So people quit living on debt.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Yup. The world won't end. It didn't the last time the US defaulted on it's debt and interest rates rose ... Under Jimmy Carter ... in 1979.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

most knowledgeable people that aren't under the thurab of government agree that we've already lost our rating.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

completely different kind of default, the only time the United States federal government has defaulted on foreign held debt was in the early 1790s as part of an arrangement that saw the FeRAB absorb state government debts.

quit being intellectually dishonest with bullshit posts like this, there is no precedent in modern U.S. history for a debt default like this so in reality we really have no idea exactly how it will impact our economy beyond pushing interest rates up (and of course the things associated with higher interest rates).
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

Pretty much. I would be HUGELY surprised if it was downgraded in the next 12 months, regardless if a deal on raising the cap was made or not.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

What? Why are you so mad. Shit.

And that is exactly what he said. He said their was no risk of losing the triple A rating. Nothing about a default was mentioned!

A rating downgrade most certainly can occur without a default event.
 
"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

The US might not lose its AAA rating, but Moody's will lose its credibility.
 
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