Even as Standard & Poor's continued to issue ratings downgrades in the wake of its downgrade of the US, rival ratings agency Moody's reaffirmed the country's AAA status.
I hate to say it, but Nancy was right! I try to be apolitical. I think I succeed most of the time. Trashing both parties more or less equally allows me to stay balanced. So in that continuing effort to stay bland and uninteresting, I have to give mention to Nancy Pelosi who said a few weeks ago it might take a decline of hundreds of points in the market to get the Republicans attention.
Standard & Poor’s went ahead with its downgrade of the United States' long-term credit rating.