Don't tell me Millwall have nicked/lifted it? Blimey. I rememeber that time they were gonna go for the clock at Highbury, but it seems they've moved up a good few leagues since then.
Should never have stepped on that tail. We've awoken and unleashed a sleeping wino.
Are these the same credit rating agencies currently being sued by the US Government over their continued AAA ratings of multiple banks and financial institutions that went bust/were bailed out.
Frauds and Charlatans the lot of them.
Exactly!
Perhaps we should just keep submitting the UK Plc balance sheet to them until we get the answer we want or take our business elsewhere like the banks did in the middle of the last decade.
I've long since given up hope of ever seeing those really responsible for the global meltdown being taken out of Goldman Sachs et al in cuffs and a proper criminal investigation launched.
In the meantime the government has unbelievable spun the story as it means that they aren't cutting as much as they should/could yet, when in opposition, George Osbourne even called for an election when Gordon Brown's government was just put on a negative warning.
Credit agencies are a joke, I truly can't believe anyone has any faith in them.
When AIG went bust they should have been automatically been downgraded to B - the knock on effect would have meant most of their insurance portfolio would have cancelled and gone else where. This didn't happen.
I worked for a Reinsurance company that got downgraded because of bad investments it caused us to lose our A rating and we lost a lot Of business.
Comments
Should never have stepped on that tail. We've awoken and unleashed a sleeping wino.
Perhaps we should just keep submitting the UK Plc balance sheet to them until we get the answer we want or take our business elsewhere like the banks did in the middle of the last decade.
I've long since given up hope of ever seeing those really responsible for the global meltdown being taken out of Goldman Sachs et al in cuffs and a proper criminal investigation launched.
In the meantime the government has unbelievable spun the story as it means that they aren't cutting as much as they should/could yet, when in opposition, George Osbourne even called for an election when Gordon Brown's government was just put on a negative warning.
When AIG went bust they should have been automatically been downgraded to B - the knock on effect would have meant most of their insurance portfolio would have cancelled and gone else where. This didn't happen.
I worked for a Reinsurance company that got downgraded because of bad investments it caused us to lose our A rating and we lost a lot Of business.
The investment cost us 20m AIG lost 140bn.
I lost all faith in rating agencies after that.