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View Diary: Going Over a Cliff Better Than Deal President Has Offered (41 comments)

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  •  fitch just announced that it's credibility will be (12+ / 0-)

    downgraded.

    the ratings that these firms give have to have a basis in reality or they become a joke.  the last time one of the big ratings firms downgraded us debt, the cost of borrowing for the us did not go up, because the economic situation did not warrant a downgrade.

    why anybody pays attention to the big ratings firms after what they did in giving triple-a ratings to bankster junk is a mystery to me.

    i'm part of the 99% - america's largest minority

    by joe shikspack on Wed Dec 19, 2012 at 06:00:41 AM PST

    [ Parent ]

    •  Why? (0+ / 0-)
      why anybody pays attention to the big ratings firms after what they did in giving triple-a ratings to bankster junk is a mystery to me.
      Could it be that some are grasping at straws to cover for PBO, even throwing up the plutocrats scarecrows?

      Instead they should join the AFL-CIO, AARP, DFA and others in demanding the obvious.

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      by divineorder on Wed Dec 19, 2012 at 02:34:39 PM PST

      [ Parent ]

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