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
SUGAR WE'RE GOING DOWN GRADING
Reports are filing in that a downgrade on America’s long-term credit rating (or the “AAA” status we just reaffirmed with the other two agencies, Moody’s and Fitch) is on the way from Standard & Poor’s, the agency whose credit rating the part of the country that pays attention to this kind of news has been waiting for.
Unfortunately, this was not the exact stripe of news they were waiting for. This is what you get for tempting fate. Or for never paying Columbia House. Read More
