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Post by discoberry on Aug 10, 2011 17:59:04 GMT -5
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Post by cestlefun17 on Aug 10, 2011 19:10:56 GMT -5
We deserved the downgrade, quite frankly. Credit ratings bureaus need to issue their credit ratings in as fair and objective a manner as possible. They can't artificially inflate our credit rating so as not to hurt anybody's feelings.
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Post by Art Vandelay on Aug 10, 2011 19:37:30 GMT -5
We deserved the downgrade, quite frankly. Credit ratings bureaus need to issue their credit ratings in as fair and objective a manner as possible. They can't artificially inflate our credit rating so as not to hurt anybody's feelings. This. You can have your AAA rating back when you deserve it, America.
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Post by scienceisgreen on Aug 10, 2011 19:52:50 GMT -5
America deserves it, what they don't deserve is the idiots who held up a routine procedure for political gains and thus endangered everyone.
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Post by Vene on Aug 10, 2011 21:19:04 GMT -5
We deserved the downgrade, quite frankly. Credit ratings bureaus need to issue their credit ratings in as fair and objective a manner as possible. They can't artificially inflate our credit rating so as not to hurt anybody's feelings. This. You can have your AAA rating back when you deserve it, America. Personally, I think it's telling the agency in question fucked up their math by $2 trillion. They then changed their rationale entirely to the political process (which did not lead to a default, I should add). This is the same agency that saw no problems with the mortgages that lead to the housing collapse and the same agency that thought Enron was awesome. Reliable, they ain't.
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Post by dasfuchs on Aug 10, 2011 21:19:17 GMT -5
Basically that's how I see it, we earned the downgrade. Getting pissy at people for our fuckups is stupid.
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Post by ltfred on Aug 10, 2011 23:44:15 GMT -5
Nah, bullshit. No ratings agency- all of which are openly and egregiously corrupt- should be deciding on what political decisions are legitimate in a government. The US is no more likely to default today than it was three months ago, or three years ago.
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Post by anon87311 on Aug 10, 2011 23:57:36 GMT -5
Vene said what I was going to.
I mean, it's one thing if they would have said, from the start, "Hey republicans, you guys are being pissy and we're downgrading the rating because you guys could make the whole system fail". but they didn't.
And no, I'm not saying political infighting(unless it gets to the point that nothing is getting done at all) should matter for credit ratings.
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Post by sylvana on Aug 11, 2011 2:40:14 GMT -5
Well, I don't think the message was intended for S&P but for Congress. After all, that is where she would have flown the message if there was no, no fly zone. To be honest, America does deserve the downgrade and everyone in parliament and congress and all those places that completely screwed around and did nothing but toot their own political agendas deserve to be fired.
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