New Posts For Thread: usa credit ranked as JUNK statushttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908434/usa-credit-ranked-as-junk-statusBy me! I mean who are these companies ranking countries credit worthiness, the same people who rated subprime mortgages as AAA++? how can a country afford 20% interest rates? it just makes the problem worse, which is what THEY want, then THEY can goTheir interest rates are 20% _because_ they made it worse. The credit rating is a response to that, not a cause.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908434/usa-credit-ranked-as-junk-status?post_id=430914286#430914286Their interest rates are 20% _because_ they made it worse. The credit rating is a response to that, not a cause.Thu, 29 Apr 2010 08:39:44 -0500No I wouldn't lend Greece at low interest rates, but if the usa was put under this pressure it too would crack, even a 3% interest rate would bust them in a couple of weeks and they too would be junk as they should be imo.Just seems very unfair to mhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908434/usa-credit-ranked-as-junk-status?post_id=430914282#430914282No I wouldn't lend Greece at low interest rates, but if the usa was put under this pressure it too would crack, even a 3% interest rate would bust them in a couple of weeks and they too would be junk as they should be imo.Just seems very unfair to mThu, 29 Apr 2010 08:17:43 -0500Would you lend Greece money at a low interest rate?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23908434/usa-credit-ranked-as-junk-status?post_id=430914278#430914278Would you lend Greece money at a low interest rate?Thu, 29 Apr 2010 03:54:15 -0500By me! I mean who are these companies ranking countries credit worthiness, the same people who rated subprime mortgages as AAA++? how can a country afford 20% interest rates? it just makes the problem worse, which is what THEY want, then THEY can gohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23908434/usa-credit-ranked-as-junk-status?post_id=430914274#430914274By me! I mean who are these companies ranking countries credit worthiness, the same people who rated subprime mortgages as AAA++? how can a country afford 20% interest rates? it just makes the problem worse, which is what THEY want, then THEY can goWed, 28 Apr 2010 11:04:33 -0500