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Edwynn -> RE: U.S. Outlook Revised to Stable by S&P as Fiscal Risks Diminish (6/12/2013 12:04:08 AM)
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quote:
ORIGINAL: Owner59
Gobama!
http://www.bloomberg.com/news/2013-06-10/u-s-outlook-revised-to-stable-by-s-p-as-fiscal-risks-recede.html
[:D]
"The U.S.’s AA+ credit rating outlook was increased to stable from negative by Standard & Poor’s, based on receding fiscal risks, less than two years after the company stripped the world’s largest economy of its top ranking.
The U.S. has a less than one-in-three likelihood of a downgrade in the “near term” with the revision, S&P said today in a statement. The New York-based company said it sees “tentative improvements,” such as the deal politicians reached to resolve what became known as the fiscal cliff and through spending cuts in the Budget Control Act of 2011."
I already downgraded the US (as did others) by the fact that not a single one of the chiefs of Moody's, Standard & Poors, or Fitch rating agencies are doing time in jail yet.
You DO know that this incomprehensible jubilation of yours comes from some pronunciation of the rating agency that was, A) more responsible than even the other two in foisting those toxic CDOs, with their AAA rating, upon the world, and, B) then had the utter gaul to "downgrade" US bond issues when the feathers hit the fan, largely as result of their own fraud and complicity in these shenanigans.
Only 17 corporations in the US warranted an AAA rating for their bonds prior to this fiasco. Just 17, out of the DJIA, the S&P 500, the whole lot.
But once Goldman Sachs, Citigroup, etc, came out with this flood of CDOs, Standard & Poors (along with Moody's and Fitch) were passing out AAA ratings on them like candy. Hundreds of them.
S&P also subverted the law and the democratic process in Georgia, New Jersey, and other states.
But you find cause for celebration due to whatever idiotic pronunciation from these fuckwits now, right?
I understand completely why the country is going to hell in a hand basket.
And if any of the above explication is too 'obtuse' for some here, so be it.
I'm not surprised by any of this idiocy any more, flub your lips all you like.
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