President Downgrade’s administration is suing S&P for its ratings of mortgage backed securities – which came about because of the government’s insistence that banks provide loans to people who couldn’t afford them – but it has dropped its investigation into…
On Twitter, the hashtag #ObamaAccomplishments comes up empty on the day of his second swearing in, the day he has now officially inherited all of the nation’s problems from himself. Maybe people are waiting for the unofficial swearing in before…
Don’t you just love the way new like this was held until after the election? The United States of America is probably going to be downgraded again, according to the State Department. Actually, it came out on election day, but…
Syracuse, NY Mayor Stephanie Minor recently made inquiries into the possibility of bankruptcy because the finances of the city are in ruins. She said she wasn’t considering bankruptcy, only exploring the possibility in the event city officials are unable to…
I thought FrankenDodd was supposed to heal the whole financial services industry and make everything better for ever and ever. I guess Moody’s didn’t get the memo, seeing that the rating agency has downgraded a number of the world’s biggest…
While the politicians are playing political games and debating how much to increase the deficit, the ratings agency Fitch is considering joining S&P and downgrading the United States’ credit rating. Fitch Ratings on Wednesday warned again that the United States’…
Even if the Super Committee does manage to find $1.2 trillion in cuts to increased spending over ten years, I’d imagine there will still be dire consequences, seeing that the national debt is now over $15 trillion and rising every…
I guess the White House feels the need to lower expectations leading up to the 2012 election. Not that expectations are very high. The Obama administration announced that they’ve downgraded economic forecasts for 2012 and don’t expect unemployment to fall…
On July 21, 2011 a mystery investor made a $1 billion bet on the United States credit rating being downgraded, according to ETF Daily News. For some reason this has been ignored by the media and politicians. Someone dropped a…
Just like clockwork, the Democrats came out to blame the S&P downgrade of the US credit rating on the tea party and Republicans. Jimmie Bise summed things up as well as anyone: Such left-wing luminaries as David Axelrod, John Kerry,Howard Dean, and…
As Joe Biden would say, S&P’s downgrade of the US credit rating is a “big f’ing deal,” yet President Obama failed to even mention it in his weekly address. Read the transcript. All he talked about is doing more of…
I can’t put into words that are fit to print my anger at the current administration. After his allies in Congress ratcheted up spending to unprecedented levels, he refused to discuss any real spending reductions. So what happened? He got…
A government official who remains nameless has informed ABC News that the Obama administration expects a credit downgrade to AA+ or AA from AAA. This will be another historic first that President Obama has presided over. But of course, that…
Yes, by all means, let’s incur some more debt. Moody’s and S&P are again warning that the US credit rating is in jeopardy. If our credit rating is downgraded, that means it will cost even more to service our debt.…
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