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View Full Version : Amid Criticism ,S.&P. Fires Back



Qtec
08-07-2011, 02:06 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Amid Criticism on Downgrade of U.S., S.&P. Fires Back
By NELSON D. SCHWARTZ and ERIC DASH

The day after Standard & Poor’s took the unprecedented step of stripping the United States government of its top credit rating, the ratings agency offered a full-throated defense of its decision, <span style='font-size: 14pt'>calling the bitter stand-off between President Obama and Congress over raising the debt ceiling a “debacle.” It warned that further downgrades may lie ahead.</span>

In an unusual Saturday conference call with reporters, senior S.& P. officials insisted the ratings firm hadn’t overstepped its bounds<u> by focusing on the political paralysis in Washington as much as fiscal policy in determining the new rating.</u> <span style='font-size: 17pt'>“The debacle over the debt ceiling continued until almost the midnight hour,”</span> said John B. Chambers, chairman of S.& P.’s sovereign ratings committee. </div></div> link (http://www.nytimes.com/2011/08/07/business/a-rush-to-assess-standard-and-poors-downgrade-of-united-states-credit-rating.html?_r=1&hphttp://)


Bingo.

The GOP/TP caused this.

The TP's first contribution to governing was to destroy the US credit rating.

Well done guys.

Q

LWW
08-07-2011, 06:03 AM
God bless them.

eg8r
08-07-2011, 03:55 PM
LOL, you even bolded and increased the font of who they blamed yet in your own spoken (typed) words you show us you really are that stupid. The author, at least what you quoted, was not making this a partisan post but your idiocy spewed forth. This must be why you normally never open your mouth and just copy/paste.

eg8r

LWW
08-07-2011, 04:29 PM
You surely didn't expect that snoopy had actually read the data he posted did you?

Sev
08-07-2011, 07:06 PM
Amazing. Simply amazing.