One More Time Credit Rating Agencies Show Their Incompetence
April 19, 2011 at 23:52 PM EDT
Yesterday morning S&P released the following information: “Although we believe these strengths currently outweigh what we consider to be the U.S.’s meaningful economic and fiscal risks and large external debtor position, we now believe that they might not fully offset the credit risks over the next two years at the ‘AAA’ level,” said Standard & [...]