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Why do we care what S &P thinks?

Discussion in 'U.S. Politics' started by PLC1, Aug 10, 2011.

  1. PLC1

    PLC1 Moderator Staff Member

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    The same people who rated mortgage backed securities as AAA, now want to downgrade treasury bills.

    Here's what was happening to the former back in '09:

    If they didn't know what they were talking about then, what makes us think that they do now?
     
  2. dogtowner

    dogtowner Moderator Staff Member

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    they trusted Dodd and Frank to insure Frank Raines followed his rules. oh well.
     
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