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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (441614)	8/20/2011 6:47:13 AM
From: Ish	1 Recommendation Respond to of 793964

That cuts the fat out and makes it clearer.

To: unclewest who wrote (441614)	8/20/2011 9:11:02 AM
From: skinowski	3 Recommendations Respond to of 793964

S@P more or less spelled out what it would take to avoid a downgrade. Stupid arrogant politicians ignored those criteria in making their deals. What did they expect? That S@P would be too intimidated by threats of investigations? Well, it turns out they weren't, and the rest is history.

To: unclewest who wrote (441614)	8/20/2011 9:17:14 AM
From: SirWalterRalegh	4 Recommendations Respond to of 793964

<<Would you give this family an AAA credit rating?>> They would not deserve a rating of AA- either.

To: unclewest who wrote (441614)	8/20/2011 9:56:05 AM
From: Paul Smith	2 Recommendations Read Replies (1) \| Respond to of 793964

Why S&P downgraded... Good post. However, what gets lost in all this is the fact that there will never be a default by the Federal government. The government owes dollars and the government also creates dollars (printing press). The real risk is a currency value risk, not a default risk.