Standard & Poor’s Ran a Credit Check on America: Outlook Negative
Standard & Poor’s has been the butt of a few jokes on Wall Street lately. Most involve batteries and bra-cup sizes—things that, like U.S. government bonds, are measured in degrees of A’s. They are an indication of the derision that S.&P. has faced since making its bold decision to downgrade the credit rating on the United States of America from AAA to AA+. Read More
