Sunday, 7 August 2011

S&P Downgrade Is a Sideshow

Terry Keenan, New York Post
In retrospect, it looks like President Obama should have put Standard & Poor's scion Terry McGraw on his birthday invitation list.Just a day after the president danced with the likes of Jay-Z in the Rose Garden, S&P pulled its AAA rating from America's debt securities, punctuating a week of fitful trading in which the Dow fell nearly 6 percent and many world markets lost even more.

Source: http://www.realclearpolitics.com/2011/08/07/sampp_downgrade_is_a_sideshow_261007.html

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