Community | August 08, 2011 | 23 comments

Banks & Wall Street OWN S&P / Standard & Poors

source: http://beforeitsnews.com/story/919/600/Who_owns_S_P_Profit_from_prior_knowledge_and_S_P_Debt...

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[“It's interestin­g to note who owns (and runs) the S&P, a long string of banks and financial institutio­ns headed by Wells Fargo and BofA. Any wonder why the subprime mortgages (some toxic) got an AAA rating when bundled with other mortgages? How cozy. Have a rating agency owned by the companies who want the rating. Looks like the ones that got the bailout (Goldman/Sa­chs is in there too) are trying to ditch the bailers. ChuckV”]

["In Omaha, the U.S. is still AAA. In fact, if there were a quadruple A rating, I'd give the U.S. that." Warren Buffett]

http://beforeitsnews.com/story/919/600/Who_owns_S_P_Profit_from_prior_knowledge_...

So why did Banks & Wall Street downgrade themselves? To further prop up the myth that the PEOPLE must fork over more money in back door taxes; ( forfeiting prepaid public services ), and abandon consumer regulations which they fictitiously claim depress the economy, all as part of their steady march and assault on the PEOPLE'S money
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23 comments // Banks & Wall Street OWN S&P / Standard & Poors

  • wolfess
    • 0
      wolfess  

    • Yeah, funny that Warren Buffett (berkshire hathaway) owns a large portion of Wells Fargo -- he's NOT the friggin oracle, he just has insider info.
      Pwr 2 the peons! Pitchfork the rich!

    • 10 months ago
  • VoyagerFilms
  • sammykatz
    • 0
      sammykatz  

    • S & P owned by McGraw-Hill and McGraw is an active participant and major contributor to ALEC...along with the Kochs et al actively working to bring about the fall of the Federal government: personally, I believe that all their assets should be seized and every CEO and owner prosecuted for high crimes and misdemeanors against the United States of America.

    • 10 months ago
  • Gillian_Marktoo
  • sammykatz
  • COMMONSENSEFORCOMMONGOOD_COM
  • sammykatz
  • jim_b
    • 0
      jim_b  

    • Not to mention a further attempt to paint the president black. I only hope we get the opportunity to shove this up their asses.

    • 10 months ago
  • nikonwilly
    • 0
      nikonwilly  

    • I can't wait for them to take everything...because than we will not be talking revolution ...we will be revolting!
      Bullets will be worth more than gold! lol

    • 10 months ago
  • TrishR
    • 0
      TrishR  

    • So, instead of having a government agency that operates with transparency & has the power of legal action to back them up overseeing the private corporations that have the financial futures of so many people in their hands, we let a private group set up some private organization to boss the government around? Yeah, this is the best idea out of Wall Street since they let Bernie Madoff run the SEC. (since tone of voice doesn't come thru text - this is sarcasm)

    • 10 months ago
  • Georgia_Jim
    • 0
      Georgia_Jim  

    • The rich will do anything to get rid of Social Security and Medicare!! Even if it means destroying the country!!!! S & P is a joke and only wants to make Obama a one term president. Jobs are more important than S& P tring to make the rich richer by reducing the debt. America always pays it debt and is AAA always.

    • 10 months ago
  • warman1138
  • Fishinflick
    • +2
      Fishinflick  

    • That sums it up! Why would anyone listen to the crooks and liars that gave the world an economic collapse thanks to derivative junk mortgage packages rated AAA so Golgbug Sucks and all the rest of the scum-sucking leeches could loot the world?

      What 'they" are not telling you is this: since 2009 US households WITHDREW hundreds of billions of bucks from domestic equity mutual funds and bought "safe" U.S. Treasury Bonds, a steady erosion in trust and participation in the stock market. So who else will "they" target for "instability" to bring back the suckers to the Ponzi scheme? Yes, it's gotten to the point they will destabilize everything to gain leverage!

      Also consider this: 90% of stock market activity is hidden from outsiders. 70% of shares traded are exchanged in pools by the "too big too fail" banks, and high frequency, high-tech, algorithm based trading influences and corrupts the remaining 30% of publicly traded shares. So basically all but 10% of stock market activity is speculatory parasitic manipulation, tethered not to free markets but to greed and inventive scams. A criminal enterprise by any definition.

      And not one of the pricks is behind bars. Necktie party anyone?

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
    • +1
      COMMONSENSEFORCOMMONGOOD_COM  
    • Fishinflick:

      Yes FF, neckties all around. Fareed Zakaria mentioned the fact that the word guillotine in reference to government officials and Congress was being bandied about alot lately. He said it's about time the guillotine was used in Congress! All corporate, banking and wall street wealth should be nationalized as penalties for their crimes against the people.

    • 10 months ago
  • Fishinflick
    • 0
      Fishinflick  
    • COMMONSENSEFORCOMMONGOOD_COM:

      On our pathetic little NPR station, WAMC - the always hapless Alan Chartock, a professor of political science at the U of Albany (God help us), was shocked at the number of call ins today calling for serious civil disobedience and protest. Unfortunately the Birkenstock liberal elite still don't understand or even feel the rage and try to dissuade direct confrontation for all the tired old reasons. I can't imagine what's in their heads... I am encouraged to see that vast swaths of the population are slowly waking up. At this point nothing we're saying is radical - it's simply about survival.

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
    • 0
      COMMONSENSEFORCOMMONGOOD_COM  
    • Fishinflick:

      It appears that they have been effectively lulled into the stupor which corporatocracy has been systematically inducing them into. Many are in irreversible comas. Well, the disobedience has been on the part of government for an unforgivable length of time. The PEOPLE'S Constitution is the boss, and government has disobeyed it, while betraying the poeple; a federal crime. So it is they who are disobeying us and the constitution. Now we need to take them to task and reprimand them, punishing appropriately when and where necessary.

    • 10 months ago
  • Fishinflick
    • 0
      Fishinflick  
    • COMMONSENSEFORCOMMONGOOD_COM:

      I agree "civil disobedience" on the part of the public is a misnomer - it should be called not taking any s**t while getting ripped-off. All the messaging and labeling is upside down and backwards, politics a ruse - a diversion.
      All this S&P coverage, I have on in the background, is all patently false propaganda to scare people. Ridiculous. I refused a 401K plan and I do not play the stock market. Yet it has wormed it's way into my life in every way imaginable. It's a cancer.

      It really just boils down to fighting greed. And for a system that believes greed is good - it's gotta go. For most of my life I've been motivated to become an activist over land-use/open space local issues being a "live and let live" kind of guy. But when a system threatens your ability to live, you've got to fight it.

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
  • oboith
    • 0
      oboith  
    • Fishinflick:

      I agree that the "system" has made "Greed" their God (thanks in large part to media and movies). However, the disobedience to end this bullshit must be uncivil. They have, by their greed and corruption, sacrificed thousands of American lives for nothing more than quarterly profits and corporate gain. Fifty Three thousand draftees and volunteers died because of the flagrant disregard of reality the American "leaders" had going into Viet Nam (think,Gulf of Tonkin and "weapons of mass destruction", George W. Bush et al). How long do we have to let these assholes go unpunished?

    • 10 months ago
  • Fishinflick
    • 0
      Fishinflick  
    • oboith:

      Your outrage is shared by many. But the apathy of the general public and the brainwashing of mass media has the good old silent majority getting fat on Doritos in front of the boob tube. Birkenstock liberals wring their hands and worry about image and preach pragmatism. Paranoid anonymous bloggers vent on blogs in the safety of their caves fearing martial law outside their door...

      I would be overjoyed to see people get off their asses FIRST and get passionate enough to PARTICIPATE in assembling in public to make their voices heard. THIS HAS NOT BEEN DONE IN YEARS!!!!

      Until that baby step happens what do you honestly think can happen to force the punishments to fit the crimes on the guilty? The sad fact is that the American people have not had to suffer enough to even get angry... yet. As bad as things are, this is nothing, it's still the good old days! It will get much, much worse.

      The Tea party claims they are 16-18% of the adult population, although only a core of 318,000 are actually enrolled members. So they're either 1 out of 6 of us or 1 out of 1,500 of us... Regardless, we laughed at them, mocked them and we still do but they are not going away. So, can we live with them making all the rules? Can we allow them to be the only "legitimized" illegitimate voice of the American People, despite their powerful backers? From the top down the government acts like it's alright with them... you may hear a few whines here and there, but all the legislation is going down just the way they want it. And where the f**k are we?

    • 10 months ago
  • wolfess
    • 0
      wolfess  
    • COMMONSENSEFORCOMMONGOOD_COM:

      This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing Government, they can exercise their constitutional right of amending it or their revolutionary right to dismember or overthrow it. We need another Abraham Lincoln!
      Pwr 2 the peons! Dismember the infidels!

    • 10 months ago
  • wolfess
  • Fishinflick
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