supergee: (monopoly)
Arthur D. Hlavaty ([personal profile] supergee) wrote2011-08-06 06:11 am

Doubleplusgood

Standard & Poor, which thought all those fraudulent CDOs were peachy-keen, had downgraded the U.S. government from AAA to AA+.* Does that mean that U.S. government debt is even worse or that Standard & Poor has once again shown that can't find its own corporate ass with both hands?

*Grade inflation is everywhere