I wouldn't take this too seriously.  S&P used to sell ratings in the
past.  What is serious is the chance for default.  Hopefully we are
will get on a more responsible path.  Greenspan this morning stated
that the committee of twelve to be set up will probably never agree on
anything.  We'll see by Thanksgiving.  That's Turkey Day for your
Brits.

Mark

On Fri, Aug 5, 2011 at 5:57 PM, Michael R. Brown <[email protected]> wrote:
> CNN BREAKING: Rating agency Standard & Poor's says it has downgraded the
> U.S. credit rating to AA+ from its top rank of AAA. [This is huge, folks.
> The decades of statism are showing their logical consequences. Stand by for
> rippling effects.]
>
>
> MRB
> http://www.fuguewriter.com
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