Janet Tavakoli: All Three Rating Agencies Are Wrong on USA Rating

No one needs to take their hats off to S&P. It’s late with this only-one-notch downgrade. It didn’t show great “spine,” it played politics in trying to save its skin by spinning a story to cover-up its own incompetence. S&P is still incompetent. The U.S. political system has been dysfunctional and captured for years. Moreover, [...]