Sunday, August 07, 2011

Standardly Poor

Today is Sunday, 7 August 2011.

The highly-tarnished, to say the least, ratings company, Standard and Poor's, has downgraded the USA/USE sovereign debt from AAA to AA+.


The same company which, during the prep of the Great Republican Recession, graded any piece of subprime mortgage debt crap as AAA.

Check it out: Reckles$ Endangerment: How Outsized Ambition, Greed, and Corruption Let to Economic Armageddon. (A book I highly endorse.)

Thanks, S&P, for damaging the fragile recovery. What's your actual agenda?

I know whereof I speak. (Allow me to "out" myself.) I was once, for family needs, a stockbroker and minor Wall Street executive.

Yes, the only socialist stockbroker. So sue moi.

I wouldn't trust S&P to walk my rat.


Anonymous reader said...

The title of the book is:

Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon by Gretchen Morgenson

HH wrote "Let" instead of "Led."

9:05 AM  
Blogger HH said...

I can't get away with one damn thing, can I, dear reader?

1:33 PM  
Anonymous Wondering Reader said...

HH, what's become of you? On a world tour? Started a different blog?

Miss reading your insightful words.

2:42 PM  
Anonymous Anonymous said...

Too bad this blog isn't active. I used to enjoy reading your comments and the lively discussion they sometimes engendered.

Good luck in your future endeavors, and I hope you haven't dismissed the possibility of returning to this blog.

12:46 PM  

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