Analysis: Ratings agencies rattle cages in U.S. | Reuters
Tension hit new highs on both sides of the Atlantic last week as Moody's and Standard & Poor's threatened to downgrade the United States' prized "triple-A" rating.
Is this so-called "prized triple-A rating" the very same prized triple-A rating these rating-agency bozos gave all that sub-prime mortgage backed security crap? That very same prized triple-A rating? Right. I thought it was.
Although this part is fun:
Now that the agencies are focusing their fire on the rich world, U.S. and European officials -- long proponents of seeing indebted nations "take their medicine" -- are crying foul.
Heh.
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