{"id":188944,"date":"2010-07-06T08:07:00","date_gmt":"2010-07-06T13:07:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/07\/06\/better-that-they-piss-on-each-other\/"},"modified":"2010-07-06T08:07:00","modified_gmt":"2010-07-06T13:07:00","slug":"better-that-they-piss-on-each-other","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/07\/06\/better-that-they-piss-on-each-other\/","title":{"rendered":"Better That They Piss on Each Other\u2026"},"content":{"rendered":"<p>Because when the <a href=\"http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/banksandfinance\/7864429\/Standard-and-Poors-gives-notice-of-a-potential-downgrade-on.....Moodys.html\">ratings agencies are pissing on each other<\/a>, they are not pissing on the rest of us:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>In a report that could equally have been written about its own prospects, S&amp;P credit analyst Emile Courtney laid out a grim picture for rival ratings agency Moody&#8217;s saying it costs would likely rise, margins fall and litigation risks multiply.<\/p>\n<p>Moody&#8217;s short-term debt has been placed by S&amp;P on its CreditWatch list with a &#8216;negative watch&#8217; outlook, meaning there is a more than 50pc chance its bonds could be downgraded. <\/p><\/blockquote>\n<p>Seriously, we need to <del>obliterate<\/del> fix the ratings agencies, sooner rather than later.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because when the ratings agencies are pissing on each other, they are not pissing on the rest of us: In a report that could equally have been written about its own prospects, S&amp;P credit analyst Emile Courtney laid out a grim picture for rival ratings agency Moody&#8217;s saying it costs would likely rise, margins fall &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,982],"tags":[],"class_list":["post-188944","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188944"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188944"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}