Hmm.
Standard Poor.
The same Standard Poor that rated all those sub-prime CDO products AAA.
Most of which turned out to be garbage.
On 06/08/2011 01:57, Michael R. Brown wrote:
CNN BREAKING: Rating agency Standard Poor's says it has downgraded
the U.S. credit rating to AA+ from its top rank
I wouldn't take this too seriously. SP 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
MRB said:
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.]
dmb says:
The GUARDIAN REPORTING: SP's
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
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