Sunday, August 14, 2011

DOWNGRADED, DEGRADED

So Standard and Poor has downgraded America's credit rating from AAA to AA+.

Is this the same ratings firm that gave a AAA rating to bundled mortgages containing toxic assets which bankrupted banks, crashed the stock market, ruined the economy, put Americans out of work, forced a government bailout and nearly caused a worldwide depression?

Yes, it is.

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