07 Aug '11, 5pm
S&P Blames Republicans, MSM Fails to Report It
Sunday August 7, 2011, 8:26 am No surprise, what else could you expect from MM. Thanks for the article Michael. No less interesting is this piece of opinion by Robert Reich who is blaming the agency itself for having failed their job.> http://readersupportednews.org/opinion2/279-82/6928-downgrading-the-us Excerpt " S&P's intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P's failures (along with the failures of the two other major credit-rating agencies - Fitch and Moody's) to do their jobs before the financial meltdown. Until the eve of the collapse S&P gave triple-A ratings to some of the Street's riskiest packages of mortgage-backed securities and collateralized debt obligations." send green star | flag as inappropriate Why is this inappropriate? Send Report Cancel Your report h...