Standard and Poor’s returns to the scene of the crime

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 . . . .



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