I have a feeling S&P is in for a hell of an attack this week. Perhaps this downgrade is what was needed to get the media to write about how much the
Posted by
ty97
Aug 6 '11, 12:05
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rating agencies suck at what they do.
Whether S&P is right or wrong in their downgrade, it pisses a lot of people off, and there is opportunity here (which we'll ignore probably) to avoid political party attacks over this, and to unify against a 'common enemy'. (Again, not saying that S&P necessarily is an 'enemy', but there is ground for cohesion here)
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