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+.
Really?
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.
The highly-tarnished, to say the least, ratings company, Standard and Poor's, has downgraded the USA/USE sovereign debt from AAA to AA+.
Really?
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.
posted by HH at 8:10 AM
4 Comments:
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."
I can't get away with one damn thing, can I, dear reader?
HH, what's become of you? On a world tour? Started a different blog?
Miss reading your insightful words.
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.
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