Comments on: NY Times is ‘junk’, says Standard & Poors http://www.crikey.com.au/2008/10/29/ny-times-is-junk-says-standard-poors/ now with extra source Tue, 24 Nov 2009 12:33:57 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: JamesK http://www.crikey.com.au/2008/10/29/ny-times-is-junk-says-standard-poors/#comment-23550 JamesK Thu, 01 Jan 1970 10:00:00 +0000 #comment-23550 "All the news that's fit to print"......... plus any bulldust that isn't.<br /><br />The New York Times editorial and political journalism standards have been rated as 'junk' by anyone with a head on their shoulders for quite some time. <br /><br />Standard & Poor's is just catching up..... “All the news that’s fit to print”……… plus any bulldust that isn’t.

The New York Times editorial and political journalism standards have been rated as ‘junk’ by anyone with a head on their shoulders for quite some time.

Standard & Poor’s is just catching up…..

]]> By: Edward James http://www.crikey.com.au/2008/10/29/ny-times-is-junk-says-standard-poors/#comment-23551 Edward James Thu, 01 Jan 1970 10:00:00 +0000 #comment-23551 <br />Standard and Poors offering an opinion, in light of my understanding that they are paid a fee to provide ratings. Brings this question. Are they reporting a commission with their rating as junk the New York Times? I recall Crikey.com informed its readers last year something about what the US courts eventually identified as fraud on paying advertisers. Amounts identified as something around half a billion dollars based on the reported circulation figures of various publications was required to be repaid Anyway I am interested in reports that the top four banks in Australia have huge exposures written into derivatives, said to be almost three times the banks collective cash holdings in fact. This is cash which belongs to people like me and others who are only just discovering that what our Federal Government, our banks and money lenders identify as derivatives, should not be confused with the idea that an orange is a derivative of the orange tree. Or an egg is a derivative from a chook.. When I worry about my cash money I now begin to understand there are many more zeros than ones in this fiscal crash. Please explain for me how the effort of two generations of our family has not been lost because those at the big end of town have been allowed by regulators to trade while insolvent!<br />Edward James Umina NSW<br /><br /> Standard and Poors offering an opinion, in light of my understanding that they are paid a fee to provide ratings. Brings this question. Are they reporting a commission with their rating as junk the New York Times? I recall Crikey.com informed its readers last year something about what the US courts eventually identified as fraud on paying advertisers. Amounts identified as something around half a billion dollars based on the reported circulation figures of various publications was required to be repaid Anyway I am interested in reports that the top four banks in Australia have huge exposures written into derivatives, said to be almost three times the banks collective cash holdings in fact. This is cash which belongs to people like me and others who are only just discovering that what our Federal Government, our banks and money lenders identify as derivatives, should not be confused with the idea that an orange is a derivative of the orange tree. Or an egg is a derivative from a chook.. When I worry about my cash money I now begin to understand there are many more zeros than ones in this fiscal crash. Please explain for me how the effort of two generations of our family has not been lost because those at the big end of town have been allowed by regulators to trade while insolvent!
Edward James Umina NSW

]]> By: Kevin Charles Herbert http://www.crikey.com.au/2008/10/29/ny-times-is-junk-says-standard-poors/#comment-23552 Kevin Charles Herbert Thu, 01 Jan 1970 10:00:00 +0000 #comment-23552 <br />Listen to the little mouse roar.......don't mention its name......you'll only provoke more dross Listen to the little mouse roar…….don’t mention its name……you’ll only provoke more dross

]]> By: dermot http://www.crikey.com.au/2008/10/29/ny-times-is-junk-says-standard-poors/#comment-23553 dermot Thu, 01 Jan 1970 10:00:00 +0000 #comment-23553 S & P rated subprime loans as AA they wouldnt know junk if it bit them S & P rated subprime loans as AA they wouldnt know junk if it bit them

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