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Did Pimco Play a Role In S&P's Downgrade of U.S.Debt

Raymond J. Learsy | Posted 10.07.2011 | Business
Raymond J. Learsy

On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.