Don't forget S&P is the same group that gave the "AAA" rating to all the mortgage-backed garbage that collapsed only a few years ago.
The USA, without a doubt, must get its finances in order; but S&P as the arbiter of creditworthiness... really, REALLY??
A great comment at Innerworkings: http://blog.atimes.net/?p=1891
Sunday, August 7, 2011
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