Do the right thing S&P and Moody’s

A severe recession is upon the United States.

We as citizens need to wake up and realize our financial stability is on the brink of cracking and the bond insurers are in the absolute middle of these problems. Come back to this site often and read what some of the smartest people in the world are saying about these issues surrounding the bond insurers and discover the facts hidden from us.
On January 18th 2008 Bill Ackman wrote a letter to Moody’s and the S&P regarding the monolines. Here is point #8 of Bill Ackman’s Letter to Rating Agencies Regarding Bond Insurers.

I encourage you to ask yourself the following question while looking at your image in the mirror:

Does a company deserve your highest Triple A rating whose stock price has declined 90%, has cut its dividend, is scrambling to raise capital, completed a partial financing at 14% interest (now trading at a 20% yield one week later), has incurred losses massively in excess of its promised zero-loss expectations wiping out more than half of book value, with Berkshire Hathaway as a new competitor, having lost access to its only liquidity facility, and having concealed material information from the marketplace?

Can this possibly make sense?

To find out more I encourage you to read the blogs in my links section and discover the truth.