Monday, April 18, 2011

A LITTLE FINANCIAL IRONY

Standard & Poor's, one of the ratings companies that helped create the Big Shitpile, has issued a warning about America's national debt.  S&P should donate billions to the Treasury to make up for all the lousy ratings it handed out.
S&P threatens to cut U.S. credit rating on deficit
By Steven C. Johnson

NEW YORK | Mon Apr 18, 2011 6:20pm EDT

NEW YORK (Reuters) - Standard & Poor's threatened Monday to downgrade the United States' prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years.

No comments: