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Us is downgraded to aa+
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<p>[QUOTE="Cloudsweeper99, post: 1241287, member: 3011"]<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>This sort of thing should be getting more attention than has been the case. The rating agencies have a dubious past and have participated in some of the largest errors in analysis, always in favor of the banking elite and never the people. Now they are basically telling the US government what to do, "or else." The whole thing smells bad and looks bad. The US is still enormously powerful and perhaps there should be an FBI investigation of possible criminal activity by the rating agencies. We should find out who they are working for and who is benefitting from events such as the recent downgrade. It is completely irrational to say that an entity that can print unlimited amounts of money has more credit risk than some companies.</p><p><br /></p><p>I also think China should shut up regarding US domestic policy, but that's another story...[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1241287, member: 3011"]:D This sort of thing should be getting more attention than has been the case. The rating agencies have a dubious past and have participated in some of the largest errors in analysis, always in favor of the banking elite and never the people. Now they are basically telling the US government what to do, "or else." The whole thing smells bad and looks bad. The US is still enormously powerful and perhaps there should be an FBI investigation of possible criminal activity by the rating agencies. We should find out who they are working for and who is benefitting from events such as the recent downgrade. It is completely irrational to say that an entity that can print unlimited amounts of money has more credit risk than some companies. I also think China should shut up regarding US domestic policy, but that's another story...[/QUOTE]
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