Comments on: Merrill Lynch Warns of Another U.S. Debt Downgrade

By: Tad Penso

Tad Penso — Fri, 25 Nov 2011 15:35:00 +0000

Incredible quest there. What occurred after? Good luck!

By: Rick Mycroft

Rick Mycroft — Wed, 26 Oct 2011 11:13:41 +0000

This would be the same Merrill Lynch, a unit of Bank of America, which is in the process of pulling a giant swindle and bank fraud by transferring a massive amount of risky derivatives to another unit where they can use people’s life savings as human shields to insure a FDIC bailout?

I think the fox is complaining about the security at the hen house.

By: EJW

EJW — Tue, 25 Oct 2011 06:33:05 +0000

The repeal of The Banking Act of 1933, also known as Glass–Steagall Act, is one of the main causes of why America is suffering now. How many of you know what the Glass–Steagall Act is? It was a law that established the FDIC and introduced banking reforms, some of which were designed to control speculation after the first Depression following the crash of 1929. The repeal of the law, led by a couple of Republicans and passed by a Republican majority in Congress, allowed banks to do a lot of fishy stuff that they had never been able to do before. Before the repeal of the law, sub-prime rates were about 5% and by 2008 they were up to 30%. If anyone wants to find out why we are in this situation we are in now, start reading about the repeal of the Glass-Steagall Act and put the blame where it is due.

By: john

john — Tue, 25 Oct 2011 03:33:55 +0000

That would be 2 credit downgrades under Obama’s watch. No other president has managed this once in 120 years, even under the great depression of the 30s. Obama is on the verge of managing it twice.

By: Jeff Engelmann

Jeff Engelmann — Tue, 25 Oct 2011 01:57:24 +0000

Quick – check and see if Soros shorted the US credit rating again.

By: Bill Davis

Bill Davis — Mon, 24 Oct 2011 22:21:19 +0000

Let us all sit down and grab a 20 dollar muffin and talk about this.

By: michael

michael — Mon, 24 Oct 2011 21:58:10 +0000

Obama MUST be voted out or we are doomed. And this is coming from somebody who actually
voted for Obama. POSTED BY: STEVEN CIGARRY | *****************We were already doomed
due to the last idiot in office who left his sheep in the closet only to say noooo to everything on
the agenda. I haven’t heard any solid answers from the GOP. Only whinning.

By: michael

michael — Mon, 24 Oct 2011 21:50:14 +0000

Thank you, Obama … Thank you, Barney Frank, Thank you, Chris Dodd, Thank you, Bernanke
…..Thank you, Tim Geithner …. Thank you, Dick Durbin ……. Thank you all ……
POSTED BY: BLANCOJOE*********************************But most of all, Thank you Alan Greenspan,
for “trusting “the banking industry” and not regulating them because he “thought” they were honest
and not greedy. Boy, was America duped.

By: Steven Cigarry

Steven Cigarry — Mon, 24 Oct 2011 21:34:28 +0000

Obama MUST be voted out or we are doomed. And this is coming from somebody who actually voted for Obama.

By: Vern

Vern — Mon, 24 Oct 2011 20:48:46 +0000

Hey, I got it. Let’s just raise the DEBT CEILING. That’s what the liberals told us was the problem last time. The mean, nasty, hard-hearted GOP tried to get SPENDING CUTS as a compromise and were slammed by the Democrat party because, as THEY put it, NOT raising the debt ceiling was the sole responsibility for the last downgrade. So according to their own talking points, we don’t need budget/spending cuts. We just have to raise the ceiling—AGAIN!!!