Italy seized documents of S&P, Moody’s over suspected ‘Anomalous’ fluctuations Italian prosecutors seized documents at the offices of rating agencies Moody’s and Standard & Poor’s in a probe over suspected “anomalous” fluctuations in Italian share prices, a prosecutor said Thursday. via S&P, Moody’s Under Investigation | Live Stock Trading News | Equities, Forex, Gold, Silver and Oil Trading.
These days the headlines ‘calamity’, the ‘disaster”, ‘financial Armageddon’, and the”Titanic sinking” are used to describe what will happen if Congress refuses to pass the debt ceiling authorization in a timely manner. If the U.S. government defaults on its sovereign debt obligations and other payment obligations, there will be an immediate downgrade of our trillions of dollars of debt to something less than AAA. This will cause enormous upheaval and increased interest costs, thus exacerbating the already enormous burden of debt the country shoulders. These events could lead to an uncertain chain reaction of cascading financial upheavals around the world; … Read more