Friday, April 22, 2011

The S&P Has a Damn Lot of Nerve

William Greider, The Nation
Standard & Poor’s, the self-righteous credit-rating agency, has a damn lot of nerve. It provoked scary headlines by solemnly threatening to “short” America. That is, downgrade the credit-worthiness of US Treasury bonds unless Congress and the president oblige creditors by punishing the citizenry with severe budget cuts. What a load of crap.In the foreclosure scandal, the crooks are still calling the shots.

Source: http://www.realclearpolitics.com/2011/04/22/the_sampp_has_a_damn_lot_of_nerve_254270.html

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