Obama Paying More Than Buffett as Bonds Show U.S. Losing AAA
By Daniel Kruger and Bryan Keogh
March 22 (Bloomberg) -- Obama’s unprecedented spending and the Federal Reserve’s emergency measures to fix the financial system are boosting the economy and cutting the risk of corporate failures. Standard & Poor’s said the default rate will drop to 5 percent by year-end from 10.4 percent in February.
This means that Federal intervention into the so-called free market has helped corporations.
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