Subprime? Hey, Triple A!!
Full faith and credit of the United States of America? Downgrade!!
Bloomberg has the details – Paper games from the people who helped create this mess in the first place
Okay, so we graded subprime paper highly, and it steered us into a calamity. Then we downgraded the nation’s finances – although I agree with their comments about our politics. Now, hey, even though millions of people are under water, subprime looks good again.
Please . . . .