S&P Places 15 Euro Nations on Warning for Downgrade

[Peter Lemkin]

Uhhhhh.....and what about the USA? Not going to downgrade them or consider it? Where is the money coming from to potentially bail out foreign banks, when everything is being slashed for the American people...need I name them?! Money for the well off to 'save' capitalism - nothing for the rest of the serfs. :what: This is a suicidal set of moves that will only speed up the collapse of the economic system. While it will be very painful, and the pain will be born in a drastically unequal and unfair manner - it will awaken the sleeping masses and have them join the pilot-light revolution called the Occupy Movement, IMO Let's face it...any money going 'to Greece' or 'to X', for example, is NOT going to help the ordinary citizen much or at all...but to the banks [big ones] and the country treasuries [with huge interest payments due!].

What really needs to be done is to down-rate to zero the rating agencies who do only damage and get it wrong every time. They move more on policial and 'deep economic' reasons, than on real economic reasons. They got everything related to the recent financial theft, CDS, bankster actions, and economic collapse wrong. Their motives are more than suspect and are used to manipulate the markets to their profit.