Alan Caruba's blog is a daily look at events, personalities, and issues from an independent point of view. Copyright, Alan Caruba, 2015. With attribution, posts may be shared. A permission request is welcome. Email acaruba@aol.com.
Friday, August 5, 2011
There Goes the Neighborhood
POLITICO Breaking News: August 5, 2011
-------------------------------------------------
Credit rating agency S&P has downgraded U.S. debt from AAA, the first debt downgrade in U.S. history, the Associated Press reported.
But you KNOW that somehow it's Bush's fault...
ReplyDeleteAnd all it took was a Marxist in the Oval Office. Simple!
ReplyDeleteA great many financial holding companies' by laws require that those companies can not hold any security with less than an AAA level rating.
ReplyDeleteMexican hat dance performances coming really soon at emergency board meetings.