Article

2011-07-13 Economy

Dagong Says Likely To Downgrade US Even If Debt Limit Raised

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Posted by tipper 2011-07-13 07:09|| || Front Page|| [4 views ] Top

#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|| 2011-07-13 10:27|| Front Page Top

#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|| 2011-07-13 11:53|| Front Page Top

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