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Not a Shocker: S&P Being Investigated

August 18, 2011

After giving the United States its first ratings downgrade, S&P is suddenly under investigation for ratings games they may have played before the mortgage crisis. I can’t say I’m shocked, but I have two minds on this.  First, I think all the ratings agencies should have been investigated as early as 2006, when it started [...]

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Supporters of “President Downgrade”: Downgrade is Tea Party’s Fault

August 8, 2011

The United States credit rating has been downgraded.  But don’t blame President Obama and his two and half year spending spree; no, the downgrade is the Tea Party’s fault.  Now I know what you’re thinking: you can’t blame an astronomically high national debt on a movement whose existence is dedicated to reducing government spending.  Well, [...]

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Funny, I Don’t Feel AA+

August 7, 2011

Right around the time when people were fleeing home for the weekend on Friday afternoon, Standard and Poors decided to downgrade America’s credit rating to AA+ from AAA.  Of course the administration is irate and the G20 has decided hold emergency talks about how they feel about US treasuries moving forward.  A downgrade could mean [...]

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