S&P threatens downgrade of U.S. finance companies | Reuters
While S&P had already made clear it could downgrade the United States's sovereign credit rating, the move Friday struck directly at the heart of the financial system, raising the prospect of knock-on effects should the country exhaust its ability to borrow to pay bills.
These are the guys who rated all those junk mortgage bonds AAA, aren't they? And somebody still pays attention to them?
No comments:
Post a Comment