Cempaka Belanda: EU warns credit rating agencies

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Tuesday, May 4, 2010

EU warns credit rating agencies

BBC News, Tuesday, 4 May 2010 17:43 UK

Rating agencies can influence fund managers about which bonds to hold

A European Commissioner has warned it may be necessary to further regulate the role of credit rating agencies.

Michel Barnier, in charge of revamping financial services, told the European Parliament he had been surprised by the rapid deterioration of Greece's rating.

A new regime for agencies, demanding they explain how downgrade decisions are made, will begin in December and Mr Barnier said this may be strengthened.

He also said he was considering a new agency to rate governments' credit.

'Considerable' power

"I think we need to go further to look at the impact of the ratings on the financial system or economic system as a whole," said Mr Barnier.

"The power of these agencies is quite considerable not only for companies but also for states," he added.

"That's why I asked for responsibility to be assumed in the work they are doing.

"If you look at Greece, for example, I was quite surprised by the quite rapid deterioration in rating."

Ratings agency Standard & Poor's downgraded Greek debt to "junk", leaving it effectively cut off from the financial markets.

The three big agencies - Standard & Poor's, Moody's and Fitch - occupy a position of power at the heart of global finance.

Sub-prime role

Critics of the rating agencies point out that they are so powerful that their judgements become self-fulfilling prophecies.

A downgrade can push fund managers into selling government bonds they hold, or refusing to buy newly issued bonds.

That pushes down the price of the bonds and raises borrowing costs in future, which puts further strain on the government's finances and could - theoretically - lead to further downgrades.

In recent months Greece has been fighting a desperate and unsuccessful battle to avoid this kind of vicious circle.

This has irked many officials in Brussels and, as a commissioner, Mr Barnier has the power to decide how rating agencies are allowed to do business.

Last year the big three of Standard & Poor's, Fitch, and Moody's admitted that their assessment of securities backed by sub-prime mortgages had turned out to be incorrect.

They had been accused of failing to spot the size and risk of the bad US housing debt that was resold around the world, causing multi-billion pound losses.

CREDIT RATING AGENCIES

A private sector firm that assigns credit ratings for issuers of debt
A credit rating takes into account the debt issuer's ability to pay back its loan
That in turn affects the interest rate applied to the security (eg a bond) being issued
A credit downgrade can make it more expensive for a government to borrow money

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Who are the credit ratings agencies?

How credit watchdogs fueled the financial crisis
Credit-rating agencies loom large in Europe crisis

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