ST Alpha - "It wasn't the only reason for the downgrade. And the statement they issued gave reasons that weren't math for the downgrade. -- nm" (Reading a Post)

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In response to "Except the math doesn't support a downgrade, otherwise S&P wouldn't be the only ratings agency to issue one. -- nm" by TWuG

It wasn't the only reason for the downgrade. And the statement they issued gave reasons that weren't math for the downgrade. -- nm

Posted by the liioulu with (aka liioulu) Aug 7 '11, 14:14

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Responses:

The point is they said "the math supports it" until shown that the math was wrong. Then switched to "Oh, it wasn't the math, it was the process." - TWuG Aug 7, 14:28 6
- Problem is that rationale still holds. And is a very good reason to downgrade all on its self. -- nm - the liioulu with Aug 7, 14:32 5
  - the bigger problem is that trust is put into an untrustworth institution like S-P -- nm - Danedukenuuk Aug 7, 14:40 4
    - It's as trustworthy as an other financial institution in the US. - the liioulu with Aug 7, 14:41 3
      - Talk about damning them with faint praise ;) -- nm - ty97 Aug 7, 15:55
      - perhaps they all make decisions based on fuzzy math ??? -- nm - Danedukenuuk Aug 7, 14:43 1
        
        That would explain an awful lot. -- nm - the liioulu with Aug 7, 14:46

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