News

**UcDat** · (This post was last modified: 11-30-2011 10:50 AM by UcDat.)

"NEW YORK (AP) — Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including the biggest banks in the U.S.

Bank of America Corp. and its main subsidiaries are among the institutions whose ratings fell at least one notch Tuesday, along with Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co.

S&P said the changes in 37 financial companies' ratings reflect the firm's new criteria for banks"

http://news.yahoo.com/p-downgrades-top-u...21310.html

So what does this mean to you? Well the banks who own you have just been dowgraded so they wont be able to borrow money as cheaply to float the interest on the bill they raked up on your credit card.
What happens when you cant pay your credit card? You guessed it you get cut off then they send you nasty letters then the repo men move in take your stuff and stick you in debtor prison as a slave. Just look at how its working out in Greece. So if your sitting on cash get out same with land and gold unless its out of the reach of the repo men/government.
ps you got maybe day weeks a month or three but dont hold any hope for a year or more.

**UcDat**

**Captain Howdy**

From what I've been hearing, there's been a slow run on banks, like Bank of America, for months now.

The media, for obvious reasons, just isn't reporting it.

**UcDat**

Captain Howdy Wrote:

From what I've been hearing, there's been a slow run on banks, like Bank of America, for months now.

The media, for obvious reasons, just isn't reporting it.

Ya for sure buts its been a trickle compared to the shockwaves this news is going to send.

IMO this is the death blow same thing happens everywhere before they wreck em.

**Rager** lop guest User ID: 28486 11-30-2011 11:19 AM

people thought the same thing when the u.s. got downgraded as a country (remember that?)

since then, i've learned to hold my breath when it comes to this stuff being the end (or beginning of the end)....

**Ahriman**

S&P are the same jackasses what triple AAAed all those derivative packages....

Pot kettle black.

Anon

**UcDat**

Ahriman Wrote:

S&P are the same jackasses what triple AAAed all those derivative packages....

Pot kettle black.

yep how much of your gov do you think they own?

how much of the rest of the worlds?

just sayin for all these banks there are only a handful that own the majorities the 0001% I've seen most of them named ill pull it up another day tho a man must sleep sometime.
Anyways this war thing Turkey threatening Israel just in time to quell the revolution there their aggressive moves towards Greece while they are revolting. Followed by the recent hostile take over of Italy and Greece. Now the full out war games with Russia Iran Pakistan China. The Serves know its about to blow and are more than willing to light it they think they can be free like the rest of us chumps.

**LoP Guest** lop guest User ID: 65479 11-30-2011 11:55 AM

Rager Wrote:

people thought the same thing when the u.s. got downgraded as a country (remember that?)

since then, i've learned to hold my breath when it comes to this stuff being the end (or beginning of the end)....

Have you ever tried holding your breath for 9 minutes? If so, that would explain a lot.

chuckle

**JF Priest** · **JF Priest** Subscriber User ID: 47416 11-30-2011 12:17 PM **Posts: 23,872**

**LoP Guest** lop guest User ID: 49595 11-30-2011 12:23 PM

i dont have any money left after the last few 'there is gonna be a bank run' announcements.

fool me twice who dont get fooled again!

**LoP Guest** lop guest User ID: 64912 11-30-2011 01:08 PM

LoP Guest Wrote:

i dont have any money left after the last few 'there is gonna be a bank run' announcements.

fool me twice who dont get fooled again!

http://www.youtube.com/watch?v=eKgPY1adc0A

**strangeuniverse**

LoP Guest Wrote:

Rager Wrote:
people thought the same thing when the u.s. got downgraded as a country (remember that?)

since then, i've learned to hold my breath when it comes to this stuff being the end (or beginning of the end)....

Have you ever tried holding your breath for 9 minutes? If so, that would explain a lot.

**Grendelmort**

"Free bailouts, all around" - Berneke chuckle

**LoP Guest** lop guest User ID: 65376 11-30-2011 02:04 PM

UcDat Wrote:

"NEW YORK (AP) — Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including the biggest banks in the U.S.

Bank of America Corp. and its main subsidiaries are among the institutions whose ratings fell at least one notch Tuesday, along with Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co.

S&P said the changes in 37 financial companies' ratings reflect the firm's new criteria for banks"

http://news.yahoo.com/p-downgrades-top-u...21310.html

So what does this mean to you? Well the banks who own you have just been dowgraded so they wont be able to borrow money as cheaply to float the interest on the bill they raked up on your credit card.
What happens when you cant pay your credit card? You guessed it you get cut off then they send you nasty letters then the repo men move in take your stuff and stick you in debtor prison as a slave. Just look at how its working out in Greece. So if your sitting on cash get out same with land and gold unless its out of the reach of the repo men/government.
ps you got maybe day weeks a month or three but dont hold any hope for a year or more.

Can they take paid off land?

Do you mean mortgaged land? And If Mortgaged, would they call the note? If you can't pay it in full they take it back? Even if you put a large down payment and are current on payments?

**Ohio Dude**

Bank interest rates are pratically zero so why have money in the bank at all? I need to keep a little there to pay the auto-payments but the best thing is to keep it at home. $20 bills max. A thousand bucks in twenties isn't that much of a stack.