If by a "Liberal" they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people - their health, their housing, their schools, their jobs, their civil rights, and their civil liberties - someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad; if that is what they mean by a "Liberal," then I'm proud to say I'm a "Liberal." - John F. Kennedy
Tuesday, April 19, 2011
S&P Rating is Worthless
It continues to amaze me that the latest from the S&P stating that the US Government's rating is "negative" though still AAA is being taken with such seriousness by the media and others. If I am not mistaken the S&P and other rating agencies were the main cause of the financial meltdown. Their rating of all the hocus pocus credit instruments as AAA which allowed the criminals on Wall Street to run their high crimes undeterred should have put them out of business and a lot of them should have done some prison time. Anyone with any sense would know that any "opinion" by the S&P is bullshit.
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