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US Sp Downgrade

Austerity: The Wrong Prescription

Carl Gibson | Posted 10.11.2011 | Politics
Carl Gibson

While Republicans and the corporate media bemoan the growing federal debt as our most pressing crisis, very few commentators have mentioned the necessity of addressing America's most crucial deficit -- jobs.

U.S. Credit Rating Downgrades Are a Surprise? Forget AA+

Simon Dixon | Posted 10.08.2011 | Business
Simon Dixon

When did a credit rating stop becoming a credit rating? So the world and our politicians seem to be surprised with the announcement that Standard and...

A Corrupt S&P Uses Shock Doctrine to Help Push Wall Street's Conservative Political Agenda

Miles Mogulescu | Posted 10.08.2011 | Politics
Miles Mogulescu

S&P's opinion on debt ratings should have almost no credibility. S&P is the same private profit-making corporation that was paid tens of millions of dollars by Wall Street banks to rate its toxic subprime mortgages and derivatives, giving them phony AAA ratings.

Geithner Slams Standard & Poor's

AP | MARTIN CRUTSINGER | Posted 10.07.2011 | Business

WASHINGTON (Associated Press) — The credit rating agency Standard & Poor's showed "terrible judgment" in lowering the U.S. government's credit ratin...

How to Think About Standard and Poor's Downgrade

Dean Baker | Posted 10.06.2011 | Business
Dean Baker

Standard and Poor's downgrade of U.S. government debt captured headlines across the country and around the world. It is a newsworthy event, but primarily as another colossal failure by a major credit rating agency.

U.S. Downgrade Heralds A New Financial Era

PIMCO | Mohamed A. El-Erian | Posted 10.06.2011 | Business

There will be endless debate on whether S&P, the rating agency, was justified in stripping America of its AAA rating and — adding insult to injury ...