Quote:
Originally Posted by marketsmart
The big reason the S&P downgraded was becuase they believe the US will continue to amass debt in the years to come.
I hope the US gets downgraded again in 6 months..
Little bitch Geithner is crying about how unfair the S&P is, but it's like a guy getting pissed off at Experian for lowering his credit score because he's late on his payments all the time..
.
|
But that is just the problem. We aren't late on our payments. We haven't defaulted. This is S&P fucking with the markets and powers that be flexing the muscle and nothing more.
If you buy a house then have some financial difficulty so you have to scrape, dig and bust your ass to get the money for the payments together and you some months come in on the last day with the money, but you still make the payments on time they don't lower your credit rating because six months from now you might be late on a payment.
S&P should give the country the benefit of the doubt and leave the rating alone until we actually default. To me this is all nothing more than market manipulation. I would love to know who made millions today going short.