S&P threatens to lower our credit rating. Is the banking industry just threatening us in order to maintain their power?
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4 Comments
Short Answer? Yes!
Just about sums up a recurring pattern…
Powertrip or not, someone needs to tell the gov to get their act together because no one else is
It’s not ok to cherry pick what the credit rating agencies put out.
They have lost all authority (despite the fact that they continue to live), even when they say something that’s accidentally true (broken clocks being correct twice a day and all that).