Friday, August 5, 2011

There Goes the Neighborhood

POLITICO Breaking News: August 5, 2011
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Credit rating agency S&P has downgraded U.S. debt from AAA, the first debt downgrade in U.S. history, the Associated Press reported.

3 comments:

TexasFred said...

But you KNOW that somehow it's Bush's fault...

TJP said...

And all it took was a Marxist in the Oval Office. Simple!

LarryOldtimer said...

A great many financial holding companies' by laws require that those companies can not hold any security with less than an AAA level rating.

Mexican hat dance performances coming really soon at emergency board meetings.