When it’s possible for a rich SOB to make $10-billion by betting on the credit rating downgrade of a sovereign nation then you can’t trust anyone involved – not the credit rating agency or any of the rich SOB’s politician friends.
I suspected someone was going to “short” the U.S. govt in the event of a downgrade. I’m not surprised if this is what happened!
Fewer bucks there now. Dagnabit!
AAA credit rating for the USA since 1917.AAA through the Depression, through WW2, through several recessions, through many defense operations….9/11/01 and the War of defense against Global Terror….Iraq and Afghanistan….and Defense in 2011 uses $$$s that are only 4% of GDP….!
we do not have “pure capitalism” and “no regulations” as ruff posted. Since FDR the Democrats have pushed us further and further into “soft socialism” and Obama is trying to push us into full blown Leninism. the Obama administration is monthly piling hundreds of NEW REGULATIONS on top of the thousands on the books, the mountain of “cost” legally burdening Private Enterprise and preventing recovery and job expansion…..check the facts and recorded statistics!
please dear god, just another measly thousand points down on the dow! i can hardly wait to snag up a hundred grand or so cheap stock, Thank You, Wall Street— there really is a S&ta Plause.. Iḿ gonna vote for Obama, this time around. What aGuy!!!
And let’s get real here S&P 1, does not have the man power to come to this conclusion, 2, This is the same company that gave Enron a 3 star rating.
Now its just US.
April 12, 2017
May 10, 2018
June 11, 2017
July 06, 2017
November 24, 2017
December 06, 2017