Today Britain votes on remaining part of the EU

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mikeymikec

Lifer
May 19, 2011
20,958
16,192
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The UK voters will never blame themselves for this.

You should know people better than this, just saying.

www.metacafe.com/watch/an-F8pW27tJJhbmu2/gladiator_2000_estimating_the_situation/

Ah, I got my wording the wrong way round and didn't proof read!

Try again:
I wonder whether any politician wants to be the one who signed the UK's exit to the EU, and the subsequent fall-out (such as the almost certain recession). I bet that many brexit voters who lose their jobs will suddenly have a very short memory and blame that PM for their woes.

I'll edit my previous post so that other people don't comment on the same mistake.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Let's make this very simple. You think Breitbart is a better source of accurate info than Moody's.

--
To clarify that, nobody's saying Moody's is the most accurate, just that there's far worse analytical minds.

I trust internal and sell side analysts from Citi, Credit Suisse, Barclays, HSBC, Goldman, BAML, MS, Wells, and every other firm out there a hell of a lot more.

It's funny that you think I depend on Breitbart for everything. Ever hear of Mosaic Theory? Perhaps you should try it. However, it involves leaving the liberal echo chamber.

BTW - what's your alt?
 
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norseamd

Lifer
Dec 13, 2013
13,990
180
106
Ah, I got my wording the wrong way round and didn't proof read!

Try again:
I wonder whether any politician wants to be the one who signed the UK's exit to the EU, and the subsequent fall-out (such as the almost certain recession). I bet that many brexit voters who lose their jobs will suddenly have a very short memory and blame that PM for their woes.

I'll edit my previous post so that other people don't comment on the same mistake.

Dont worry about it.
 

PrincessFrosty

Platinum Member
Feb 13, 2008
2,300
68
91
www.frostyhacks.blogspot.com
You said that public services at present are being pushed to "unmanageable" levels, so in order to correct the status quo logically those *current* levels must be reduced.

Absolutely, something needs to be done about that but you cannot possibly hope to correct that problem until you've addressed the sources of the problem. You could hypothetically send back 100's of thousands of people freeloading off the system, but if free movement allows them back in, that's all for naught. What you do if you want to address the problem is stop the sources of the problem, one of which is massive unchecked immigration,and once that's under control you can rationally asses the situation and start making changes that will work long term.

If you have a gas fire you dont start throwing water on the fire to put it out, you go and turn off the source of gas first, then you put the fire out otherwise your efforts are for nothing.

Also, now that you've voted for raising the bar on immigration at a time when the NHS has staffing shortages right across the board and a significant percentage of that staff are immigrants. You talk about unmanageable loads yet you want to make it harder for the NHS to get the staff it needs.

No you're asserting positions of mine I've not explicitly stated to straw man my position. How do you know about my position on NHS staffing, have you asked me about that? NO! My position is that if we cannot staff it with Britons for some reason X, and that reason X cannot be addressed directly, then we allow in migrants specifically suited to address this position. The Japanese have done this for centuries, they ahve almost no immigration allowed, they let people in when they're in need of specific jobs, nothing wrong with that at all. Voting to leave the EU cannot possibly be used to infer my position on something like this, so I'd appreciate you not speak for me with regards to my own opinions.

We're back to this thing you were going on about before which makes little sense, this idea you run on that immigrants are both free-loaders and job stealers. If they're in work then they're helping pay for those services. If they're not sick, then they're paying for services for others to use.

They're coming into an already established infrastructure of hospitals, roads, schools and other services which was paid for by the people who have lived here for their entire lives, and they use these services without ever having contributed. Some work decent jobs and pay taxes and that's nice but these people often take more out of the pot than they've contributed which is why parties such as UKIP want to put in place barriers of say 5 years of paying into the pot before they can take back out, which seems reasonable to me. Many of these migrants enter and work the low paid (often less than min wage) jobs illegally and do not pay tax at all. And this displaces local workers who are often the poorer people who just want to work but can't LEGALLY offer to work for less than min wage to compete.

IMO you've just admitted that your "values" argument is a load of shit. You think that you can bundle immigrants into one category despite the fact that they come from all over the world.

Didn't bundle them at all, some of them do share our values, some don't, some pretend to but secretly practice illegal things outside of our law. It's a spectrum, and it's a problem and it's being ignored and often allowed to happen (AKA Rotherham and many other places like it), It's disgusting.

Yes, while unemployment goes way up, welfare benefits go down and pressure on public services goes up. Maybe you'll achieve the vision you've got by tanking our economy so that no-one wants to move here anyway.

There's no long term indication this will happen, pound and FTSE are already bouncing back, this is just fear mongering at the moment.

Nothing in the meantime? Interesting plan. Do you want to do any trading with the EU? Apparently 40% of our exports go there.

I intend to encourage the government to actually address the concerns of the people, fight for UKIP and keep doing what I've done for the last few years which is generally be quite politically active. People trade with whoever gives them the best deal, doesn't matter who that is really.

That's because there aren't any steps in the plan. If the UK leaves the EU, the only plan will be to pick up the pieces and attempt to maintain the status quo. That means attempting to keep everything the same despite the fact that the rug has been pulled from under the economy.

And this is what got you lot into the trouble you percieve yourself to be in now. Don't you see that? You ignored more than 50% of the voters on an issue they care deeply about and it blew up in your face. if the plan of government is to ignore those people AGAIN then what do you think is going to happen come the next GE? And we'll be back here in 4 years time.

I keep saying this and no one is listening. What is the lesson here? If you ignore the majority then theyre going to use their voting power to get their way in a democracy, and the leave win is an example of that. If they're ignored again then you can bet UKIP will be running in the next GE to say to these people "you were ignored once, you voted to get your way but you were still ignored, vote us in and we'll make the change you want" and when people go to vote again we'll see the same result, and it's a very real possibility that UKIP could win if the common man is ignored again.

So what's the rational thing to do? ADDRESS THE ISSUES! People in power shouldn't be trying to maintain the status quo when it was maintaining the status quo that got us into this mess.

You're either being completely dishonest to yourself or impossibly naive. If it's naivety, then I suggest that you learn quickly how most politicians work, because what Farage did is typical of the most weasel-like behaviour I'd expect from one. An honest politician who supports a campaign would point out an inaccuracy.

This shaming is the only tactic the remain side could muster and it didn't work, and it isn't working now and it's not going to work anymore. You have to engage with intellectual honesty if you want a hope at there being some middle ground met, simply throwing around accusations and insults won't work anymore, that has failed, we're done.

I think we're done. I have argued honestly. Once I had a reasonable idea of your argument, I think you've basically voted for a massive change yet no plan attached to it. You're hoping that voting out of the EU results in all these great changes (none specified) that makes the UK will be "great again", yet assuming that the UK prospers, immigration will be lower, despite the fact that most people immigrate to find a job.

No this is a complete mis-representation of my position and it means you're not arguing honestly. I did say that I had a plan attached to it but that out of the EU was one small part and was necessary for the rest of the plan to work. Out of the EU first, then get a nationalistic party in the next GE, campaign for UKIP to follow through with lowering immigration which is only possible outside of the EU.

Yeah we're done, go away and contemplate that now the numbers are starting to favor nationalism and euroskepticism and that attacking those positions has failed. You need to regroup with a new tactic that is to debate the issues honestly, prepared to make concessions to please the majority OR if you're unwilling to bend on that position you're in a very real possibility of losing power all together and facing a government like UKIP which I'm sure from your point of view is something you want to avoid.
 

mikeymikec

Lifer
May 19, 2011
20,958
16,192
136
PrincessFrosty, there is a perception that needs to be addressed, but your plan of action makes no sense. Your response regarding relieving "unmanageable" pressure on the NHS makes no sense because if levels are "unmanageable" now, you haven't even hinted of a plan that could help that right now, even if immigration was stopped today, your plan still wouldn't work.

It's good to know that you would at least allow some immigrants in to staff the NHS, but until I mentioned it, you hadn't either. Which industries to you also intend to allow immigrants in? How many immigrants is too many, particularly according to the perception of the masses who believe that immigration is an issue? Is there a magic figure? Does the NHS get first dibs then ever other industry? Does an industry get to die because other industries had dibs before them?

And this is what got you lot into the trouble you percieve yourself to be in now.

That wasn't a response to my point, that's a side-step.

I already agreed that ignoring issues is bad, but all you've presented is a perception of an immigration problem. Unless you can actually demonstrate that perfectly suitable UK citizens are rejected in large numbers for jobs in favour of immigrants, or that most immigrants only come to the UK to milk the benefits without contributing to our economy/society, then all it is is your perception, fuelled by opportunistic politicians and news companies.

This shaming is the only tactic the remain side could muster and it didn't work

Another side-step.

I did say that I had a plan attached to it but that out of the EU was one small part and was necessary for the rest of the plan to work.

You've repeatedly said that either there is no plan, no manifesto, or there is a plan but it's not being worked on by the government right now (whatever that means), or there is a plan but not provided any specifics except 1) brexit then 2) wait for the next GE. This isn't a plan. Some serious deal-brokering is going to need to be done in the event of brexit, some new alliances will need to be forged, and our relationship with the EU will need to be patched up even if we're not part of the EU. If these things aren't done, the recession will be far worse. No plan for the widely predicted recession, during which time tonnes of businesses will go tits-up, millions more people out of work. A sensible leader plans this shit out, and decides that the pain is worth the risk and payoff. The only pay-off that you've mentioned is "less immigrants" even though they're a welcome part of a healthy economy.

There is a perception that needs to be addressed, and it's going to get a load worse when the predicted recession comes because people will get a whole lot meaner and more miserly when their livelihoods are at stake.
 
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theeedude

Lifer
Feb 5, 2006
35,787
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U4izc3p.jpg

UK screwed itself. They had the best of both worlds, EU membership perks, but no Shengen and most importantly, no Euro. Now they will be escorted out and have to negotiate replacement EU and other trade deals as an outsider from a position of weakness and internal division.
 

shady28

Platinum Member
Apr 11, 2004
2,520
397
126
UK screwed itself. They had the best of both worlds, EU membership perks, but no Shengen and most importantly, no Euro. Now they will be escorted out and have to negotiate replacement EU and other trade deals as an outsider from a position of weakness and internal division.

And of course the establishment who promised to set caps on immigration in order to get elected in the UK - a promise they knew they couldn't keep - and then blew off their constituents, they have no blame. This is all assuming your narrative is even valid, which is a highly dubious assumption.

8VwS0eF.jpg
 

flexy

Diamond Member
Sep 28, 2001
8,464
155
106
Americans:

"The UK got back their independence today. Let's do the same in November!"

THE US's INDEPENDENCE. FROM WHAT!?!?!?! Are people really so fucking stupid?
 

mikeymikec

Lifer
May 19, 2011
20,958
16,192
136
And of course the establishment who promised to set caps on immigration in order to get elected in the UK - a promise they knew they couldn't keep - and then blew off their constituents, they have no blame. This is all assuming your narrative is even valid, which is a highly dubious assumption.

I don't think anyone has argued a position like this, have they? IMO what Cameron did especially was just shameless opportunism, just like anyone who campaigns to reduce immigration without going into some very definite specifics, and what the risks and pay-offs are.


You may want to revise your grasp on history if you think that we won either war either on our own or mostly. Furthermore, the UK that took part in WW1 was an almost entirely different entity to what it looks like now.
 
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biostud

Lifer
Feb 27, 2003
19,916
7,018
136
And of course the establishment who promised to set caps on immigration in order to get elected in the UK - a promise they knew they couldn't keep - and then blew off their constituents, they have no blame. This is all assuming your narrative is even valid, which is a highly dubious assumption.

8VwS0eF.jpg

Obviously they will survive, Afghanistan is also surviving. It is just a question on which will be better.
 

shady28

Platinum Member
Apr 11, 2004
2,520
397
126
I don't think anyone has argued a position like this, have they? IMO what Cameron did especially was just shameless opportunism.


You're British, right? You should know this, Cameron promised that multiple times.

2010 :
Cameron's empty immigration promise

Cameron on video saying the same thing :

https://www.youtube.com/watch?v=DJRtDPOjQ7g

You may want to revise your grasp on history if you think that we won either war either on our own or mostly.

Wow, I guess you're a reflection of the culture of dependency that's been fostered over there.

Britain has a long history of being an highly successful nation-state. But maybe you're right, if you are a reflection of the kind of person there perhaps your country does need a teet to suck on and a master to serve.

Oh but wait, you lost the Brexit vote. Nevermind, your countrymen are quite capable of taking care of you.
 

flexy

Diamond Member
Sep 28, 2001
8,464
155
106
Now we're getting to the heart of the matter. It's all about you...

Stupid reply! It has nothing to do with it whatsoever, I just happen to be also somehow affected so it's just to give this as an example how the Brexit effects normal, average people, whether it's me, my landlords (who are Brits) or other Brits here and there.
 

shady28

Platinum Member
Apr 11, 2004
2,520
397
126
Stupid reply! It has nothing to do with it whatsoever, I just happen to be also somehow affected so it's just to give this as an example how the Brexit effects normal, average people, whether it's me, my landlords (who are Brits) or other Brits here and there.

As if mass immigration from war torn terrorist ridden middle eastern states at the bidding of a foreign master (Merkel) had no effect? How about the Muslim rape gangs in London that were covered up by authorities and the media for years? Like Boomerang said, it's all about you having to fill out some new paperwork to get a work visa, fuck everything else right?
 

mikeymikec

Lifer
May 19, 2011
20,958
16,192
136
You're British, right? You should know this, Cameron promised that multiple times.

You misunderstand me; I meant people on this forum or say "many of the masses".

Wow, I guess you're a reflection of the culture of dependency that's been fostered over there.

Britain has a long history of being an highly successful nation-state. But maybe you're right, if you are a reflection of the kind of person there perhaps your country does need a teet to suck on and a master to serve.

Oh but wait, you lost the Brexit vote. Nevermind, your countrymen are quite capable of taking care of you.

Dude, if you're going to argue a point, try to do so with substance rather than a veiled ad hominem.

"The allies" won WW1 largely as a result of America intervening. Same goes for WW2. The fact of the matter is that with air and naval forces, cutting an island like the UK off from its supply routes is a great deal easier than for a mostly land-locked country like Germany, you can either ensure that slow ships don't reach their destination, or divert them enough so they run out of fuels or supplies for people on the ship, or bomb their destination (ie. a limited number of ports). Once you cut a force from its supplies, the endgame comes soon after.
 

Blackjack200

Lifer
May 28, 2007
15,995
1,688
126
Yes, they do. In lieu of being able to underwrite deals on your own, you depend on them to do some of the work for you. What, exactly, do you call an NRSRO? Do they not do due diligence, run cashflow models, sensitivity analysis, monte carlo, correlations, regressions...etc.? What do you call that? And depending on that analysis, what do you call that? Hopscotch? Jumping rope? Tiddly winks with manhole covers?

Holy... do you know what underwriting is?
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Holy... do you know what underwriting is?
Do you?

It's hilarious you thew up this big bitch fit about me saying that ratings are worthless, then you day they are superficial. Do you even know what superficial means?

Now you're debating the semantics of underwriting. You'll eventually say that they pretty much underwrite, except they don't call it that. You'll call it something else after 15 posts telling me I don't know what I am talking about.

Then you'll find some other niggling putrid argument to bandy about and accuse me of knowing nothing, only to eventually agree with me.

Just admit it, you want to marry me. Sorry dude, I am not into guys. Not that there is anything wrong with that, I am all for personal choices, but don't be mean to me just because you like me. That's so immature.
 
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shady28

Platinum Member
Apr 11, 2004
2,520
397
126
...
"The allies" won WW1 largely as a result of America intervening. Same goes for WW2. The fact of the matter is that with air and naval forces, cutting an island like the UK off from its supply routes is a great deal easier than for a mostly land-locked country like Germany, you can either ensure that slow ships don't reach their destination, or divert them enough so they run out of fuels or supplies for people on the ship, or bomb their destination (ie. a limited number of ports). Once you cut a force from its supplies, the endgame comes soon after.

Buddy, I suspect I know a great deal more of history than you do.

You start talking tactics, but you miss the overall picture which I admittedly didn't address because it's so blatantly obvious.

1 - The country largely responsible for "saving" England in WW I and WW II is not part of the EU, and never will be.

2 - Ask yourself what was the state of the countries that currently make up the EU during WW 1 and WW 2; I think you will find that the threat to England emanated from the same place you look to for support.


Britain has a far longer history of being not only independent, but exceedingly successful at it, than just the 20th century. So do many other countries. To borrow from one of your greatest leaders, the only thing you have to fear about independence is fear itself.
 

Mem

Lifer
Apr 23, 2000
21,476
13
81
UK screwed itself. They had the best of both worlds, EU membership perks, but no Shengen and most importantly, no Euro. Now they will be escorted out and have to negotiate replacement EU and other trade deals as an outsider from a position of weakness and internal division.

To be honest I can't think of one really good benefit that came out of being in EU for most Brits, the NHS service is overstretched, jobs going to eastern Europeans that will do the job on minimum wage, so British workers out there for example use to a higher living ie being on £50 a hour now having to compete for the same job in a lot of cases on minimum wage(£7.20) against Eastern Europeans, council housing and school shortage being overstretched, now you see the problem is not simple as you think it is.

EU dictating what we can and can't do, all their red tape etc they throw us bread crumbs and expect us to be happy.
I think leaving will give we Brits a fresh start, the old saying nothing lasts forever brings to mind.

Btw I'm all for the EU, but fact is I've not seen it working well over here in the UK.
I'm sure the US would not like the EU telling them what they can or can't do if there were in the same situation.

Anyway interesting times ahead I hope.

:)
 

mikeymikec

Lifer
May 19, 2011
20,958
16,192
136
Buddy, I suspect I know a great deal more of history than you do.

Ooh! Nothing like a bit of posturing.

1 - The country largely responsible for "saving" England in WW I and WW II is not part of the EU, and never will be.

I errr... never said it was?

2 - Ask yourself what was the state of the countries that currently make up the EU during WW 1 and WW 2; I think you will find that the threat to England emanated from the same place you look to for support.

You're pulling my leg now! Next you're going to tell me that the Nazis came from Germany! /s

Britain has a far longer history of being not only independent, but exceedingly successful at it, than just the 20th century. So do many other countries. To borrow from one of your greatest leaders, the only thing you have to fear about independence is fear itself.

Yep, I bet pre-20th century military and diplomatic tactics are really going to help Britain in the days ahead. Knowing how to run a decent slave trade, subjugate countries with far inferior defensive forces and plunder their resources, standardising on cannon ball sizes for our navy... yep.

Please, dazzle me with your superior grasp of UK history again.
 

Blackjack200

Lifer
May 28, 2007
15,995
1,688
126
Do you?

It's hilarious you thew up this big bitch fit about me saying that ratings are worthless, then you day they are superficial. Do you even know what superficial means?

Now you're debating the semantics of underwriting. You'll eventually say that they pretty much underwrite, except they don't call it that. You'll call it something else after 15 posts telling me I don't know what I am talking about.

Then you'll find some other niggling putrid argument to bandy about and accuse me of knowing nothing, only to eventually agree with me.

Just admit it, you want to marry me. Sorry dude, I am not into guys. Not that there is anything wrong with that, I am all for personal choices, but don't be mean to me just because you like me. That's so immature.

Wow. The underwriter contracts with the issuer to bring a new issue to market. That's not semantics that's basic terminology. The ratings agencies do not underwrite new issues. How in Christ do you not know that?

HA! I just realized that you've probably been using that word wrong in conference calls and emails for years, and all your coworkers probably roll their eyes when you say that, or do this.

iWKad22.jpg


Just admit it, you get people their coffee. That's pretty much your job at office. $20k/mo. in equipment and subscriptions. lol.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Wow. The underwriter contracts with the issuer to bring a new issue to market. That's not semantics that's basic terminology. The ratings agencies do not underwrite new issues. How in Christ do you not know that?

HA! I just realized that you've probably been using that word wrong in conference calls and emails for years, and all your coworkers probably roll their eyes when you say that, or do this.

iWKad22.jpg


Just admit it, you get people their coffee. That's pretty much your job at office. $20k/mo. in equipment and subscriptions. lol.

No shit sherlock. I was talking about underwriting the credit, not underwriting the new issue and selling the bonds.

Rating agencies underwrite the credit, from due diligence to modeling in order to determine and apply a rating. They are assessing the creditworthiness under their criteria but aren't taking responsibility for it.

You can argue the semantics of what they do all they want. As far as the conflating of an underwriter and the agencies doing underwriting, that is your problem, not mine.

I could have somebody I trust independently verify what I do to you if you wish.
 

shady28

Platinum Member
Apr 11, 2004
2,520
397
126
...
Yep, I bet pre-20th century military and diplomatic tactics are really going to help Britain in the days ahead. Knowing how to run a decent slave trade, subjugate countries with far inferior defensive forces and plunder their resources, standardising on cannon ball sizes for our navy... yep.

Please, dazzle me with your superior grasp of UK history again.

Like I said, you're lucky to have your countrymen to carry you.

Those little inventions you mention, the ones that carried the UK up to the 20th century, yeah they won't carry you now. UK will need to come up with new ideas. Like I said again, people like you will need your countrymen to do that for you since your mentality is such that you've clearly been defeated before even beginning to try.
 

Blackjack200

Lifer
May 28, 2007
15,995
1,688
126
No shit sherlock. I was talking about underwriting the credit, not underwriting the new issue and selling the bonds.

Rating agencies underwrite the credit, from due diligence to modeling in order to determine and apply a rating. They are assessing the creditworthiness under their criteria but aren't taking responsibility for it.

You can argue the semantics of what they do all they want. As far as the conflating of an underwriter and the agencies doing underwriting, that is your problem, not mine.

Underwriting is defined in the 33 Act (and yes, I know Munis are exempt from the 33 Act, doesn't matter, the role is basically the same). I don't know what you mean by "underwriting the credit", but the agencies are not underwriters and do not underwrite anything.

http://www.corporatesecuritieslawbl...in-the-meaning-of-the-securities-act-of-1933/

Holy shit, you really don't know what underwriting is, do you? LMAO.

I could have somebody I trust independently verify what I do to you if you wish.

This seems way more important to you than it is to me. I don't give a fuck if you're Bill Gross, I'm going to call you on your bullshit, and as usual, you're full of it.
 
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TheGardener

Golden Member
Jul 19, 2014
1,945
33
56
The screaming irony here is you and I live in a country whose founding fathers didn't trust the democratic masses to know enough to let them vote for either our President or our Senators.

The very idea of the Electoral College was to vote for your local betters (business elites!) because they knew better who should be Prez.

For the US Senate, you got to vote for your state legislators, who then decided for you (political elites!) who your US Senators would be.
The founding fathers laid down a path of equality and democracy in a Constitution and Bill of Rights. It was not perfectly applied. It was not applied as we would have it today. But those documents allowed for change, and in 240 years since our Constitution was signed, there are many more demographics who are included under the umbrella of those profound ideas. By the way, do I have to remind you that those imperfect founding fathers broke away from a monarchy that didn't not recognize basic rights for the colonists? Should we in the US, judge the people in the UK today by how things existed 240 years ago? So say what you will, but your observation is biased and imperfect for the reasons above. Need I point out that you get to vote for a representative in the House of Commons. A couple centuries ago, depending on your family's status, your ancestors might not have either. Yes the world is different today.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Underwriting is defined in the 33 Act (and yes, I know Munis are exempt from the 33 Act, doesn't matter, the role is basically the same). I don't know what you mean by "underwriting the credit", but the agencies are not underwriters and do not underwrite anything.

http://www.corporatesecuritieslawbl...in-the-meaning-of-the-securities-act-of-1933/

Holy shit, you really don't know what underwriting is, do you? LMAO.



This seems way more important to you than it is to me. I don't give a fuck if you're Bill Gross, I'm going to call you on your bullshit, and as usual, you're full of it.
Ahh, back to the semantics thing again.

So what do you call due diligence, documentation review, cashflow modeling, ratings (aka credit) committee, presales reports, surveillance, upgrades and downgrades, if not underwriting in anything but name and strict legalese within the constraints of more legal structure than most can comprehend.

What do you call that process? All of it? Is it not for all intents and purposes, excluding legal and securities definitions, underwriting?

What do you call it when a credit analyst at a bank goes through that, or one at a buyside shop? Is that not underwriting risk? Are you going to argue since they aren't a lead left, or it isn't defined by 33 that it isn't underwriting risk? What about a credit analyst at a bank who is going to extend a corporate line of credit? Is that internal process called underwriting risk? Is it the same process an nrsro analyst goes through, or aa different one?

Do they look at, analyze, review and recommend different things in different ways? Are the skills transportable from the nrsro to banks or buyside? Are nrsro credit training courses not sought after for buyside firms when looking for candidates?

Is it not the same exact process the lead left goes through to sell the bonds? Is there not a RAC in all bonds that prior nrsro consent is required for material changes to keep the rating of the bond? (Aka underwriting of new conditions)?

It's fucking underwriting in action but not legal definition you goddamned twat.

Of course you don't care because you just want a cockfight no matter what. You know it is pretty much the same thing and rather than agreeing on using the lay term, which people here can understand and recognize, you decide to be a little twat and talk strict legalese, which gives you an ability to make a mountain out of a spec of sand. Nobody gives a fuck, it is the action that matters more.
 
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