"Is There A Risk The US Could Lose Its AAA Rating?" Tim Geithner: "No Risk"

[engtuner01077]

Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said.

[y]j5C-cqw2s00[/y]

Pandering fuck.

[stop!!!!]

Pandering? Not so much.

DELUSIONAL? Absolutely!

[Georgia T]

Care to post a link?

[Elibby]

Well I think it's both. I'm sure his string pullers are insisting that be his response. As well as the financial community. I suppose if he said their was a chance (there's more than a chance btw!), everyone would lose their shit.

[Marbie]

Sorry, I should have put a date on it. It's from April of this year.

http://www.clicker.com/tv/fox-business/geithner--debt-ceiling-will-be-raised-1627408/

[j.serabo]

Here is the speech where Obama said we could lose our AAA rating.

http://www.whitehouse.gov/the-press-office/2011/07/25/address-president-nation

I believe this country has great potential but unfortunately (due to the system + mass apathy/ignorance) it is controlled by a kick-back incentive program. This monetary influence in government so far has done nothing short of cripple the nation's debt, outsource nearly every blue collar job, crushed the quality of education, protected the rich and guilty, burned U.S. export and confused the general populous into debt-living.

[Nintendo-Miranda]

http://etfdailynews.com/2011/07/25/i...united-states/

Someone dropped a borab on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating.

In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world.

The massive trade wasn’t placed in bonRAB themselves; it was placed in the futures market.

The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.

The value of the trade was about $850 million dollars. In simple terms, if that was a direct bond buy, no one would be talking about it.

However, with the use of futures, you have to have margin capacity behind the trade. That means with a single push of a button someone was willing to commit more than $1 billion of real capital to this trade with expectations of a 10-to-1 return ratio.

You only do this if you have an edge.

[Seth ☺☺☺☺]

Oh my god. You fucking moron. He isn't saying that there is no chance we will not lose our triple A rating even if we default. He was saying, Congress cannot possibly let us default, it won't happen, so there is no real threat of losing our rating. Tim Geithner from 4 months ago didn't realize how bat shit crazy tea party Republicans were. Oh how naive.

[Firenymph]

I hope we default

[riaphaelle]

I want to see interest rates skyrocket