Ratings agencies major cause of economic meltdown

fatbuckRTO · 06-21-2013, 08:30 PM

From the "no fucking kidding" department, but now with documented evidence. The whole time Congress and the White House were busy pointing fingers over the US losing our AAA rating, all I was thinking was, "Why do we care what S&P thinks anymore? They're the ones who got us here in the first place..."

http://finance.yahoo.com/news/the-la....html?page=all

Long read, but if your blood pressure is low this will fix it.

06-21-2013, 08:30 PM	#1
fatbuckRTO This is not the sig line. Join Date: Dec 2008 Moto: Be prepared. What? Oh, moto... Posts: 1,279	Ratings agencies major cause of economic meltdown From the "no fucking kidding" department, but now with documented evidence. The whole time Congress and the White House were busy pointing fingers over the US losing our AAA rating, all I was thinking was, "Why do we care what S&P thinks anymore? They're the ones who got us here in the first place..." http://finance.yahoo.com/news/the-la....html?page=all Long read, but if your blood pressure is low this will fix it. __________________ This was no time for half measures. He was a captain, godsdammit. An officer. Things like this didn't present a problem for an officer. Officers had a tried and tested way of solving problems like this. It was called a sergeant. -Terry Pratchett, Guards! Guards!