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+--- Thread: S&P's downgrade of U.S. credit rating means a downgrade of U.S. based business credit ratings? Insane. (/showthread.php?tid=121700)
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Re: S&P's downgrade of U.S. credit rating means a downgrade of U.S. based business credit ratings? Insane. - $tevie - 08-10-2011
LOL. Actually, it's S&P who's gone crazy.
Re: S&P's downgrade of U.S. credit rating means a downgrade of U.S. based business credit ratings? Insane. - hal - 08-10-2011
Frankly, I see this as a correction of poor performance for the last twenty years. People were furious when Global Crossings went under, Enron, Russian currency crisis, Orange County going bust - all of this happened before any downgrades - downgrades came after the fact. THAT was crazy... this is crazy too, but I think a better view of what is happening...