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US Sp Downgrade

Austerity: The Wrong Prescription

Carl Gibson | Posted 10.11.2011 | Politics
Read More: Deficit, Debt, Unemployment, Budget Cuts, Oil Subsidies, Standard and Poor's, Bush Tax Cuts, S&p Downgrade, U.S. Budget Cuts, u.s. Austerity, US S&P Downgrade, U.S. S&p Downgrade, Economy, Politics News
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.

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

Simon Dixon | Posted 10.08.2011 | Business
Read More: Debt, Stock Market. Congress, Economy, Triple A, Deal, Jobs, Rating Agency, Aa, United States, Obama, Dow Jones, AA+, S P, US S&P Downgrade, Unemployment, Ceiling, Finance, 1917, Nyse, Trillion Dollars, Standard and Poors, Index, Crisis, New York Stock Exchange, Downgrade US Credit Rating, S&P, Aaa, Senate, Crash, AA Plus, Business News
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...

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

Miles Mogulescu | Posted 10.08.2011 | Politics
Read More: US S&P Downgrade, Shock Doctrine, 2012 Elections, Credit Rating Downgrade, Aaa Credit Rating, Elections 2012, Standard & Poor's, Credit Rating Agencies, Politics News
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.

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Geithner Slams Standard & Poor's

AP | MARTIN CRUTSINGER | Posted 10.07.2011 | Business
Read More: Tim Geithner S&p, US S&P Downgrade, Geithner, Video, Geithner S&p, Credit Downgrade, Tim Geithner, US Downgrade, Standard & Poor's, Treasury Secretary, US Credit Downgrade, Business News

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

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How to Think About Standard and Poor's Downgrade

Dean Baker | Posted 10.06.2011 | Business
Read More: Debt, Deficit, Credit Rating Agencies, Default, Social Security, S&p Downgrade, Credit Score, Credit Rating Downgrade, Standard & Poor's Downgrade, U.S. Credit Rating, Standard & Poor's, U.S. S&p Downgrade, Business News
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.

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U.S. Downgrade Heralds A New Financial Era

PIMCO | Mohamed A. El-Erian | Posted 10.06.2011 | Business
Read More: S&p Downgrade, US S&P Downgrade, Financial Era, United States Credit Rating, Triple a Credit Rating, US Downgrade, United States, Credit Rating, S&P, Business, Historic Downgrade, Aa Plus Credit Rating, Business News

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 ...

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