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| Economy |
| Dagong Says Likely To Downgrade US Even If Debt Limit Raised |
| 2011-07-13 |
| ZeroHedge |
| Posted by:tipper |
| #2 From the original articles comments, on the basic function of ratings agencies: Their main role, again, appears to be to tell everyone that things are fine, until a real crisis emerges at which point they will pile-on credit downgrades at the least opportune moment, making a difficult situation even more difficult for the authorities to manage. That is exactly what's been happening for the last 4 years. |
| Posted by: Anguper Hupomosing9418 2011-07-13 11:53 |
| #1 We finally have a fight about whether or not to go out of business via debt slavery and _now_ they're going to start dogpiling on us. They were happy as hell to give us a good rating as long as we were quietly slitting our own throats and welding manacles onto our children... |
| Posted by: Thing From Snowy Mountain 2011-07-13 10:27 |