2011-08-07

Reality check on credit rating agency.

I'm not questioning how bad the situation is with the US debt.

I do question the people who hold themselves as 'experts' on the subject, as well as the media establishment who cannot question said 'experts' credibility -

http://mediamatters.org/research/201108060004?lid=1176526&rid=62816125

Standard and Poor's are the folks who missed the boat on Enron, WorldCom, and were one of the three credit rating agencies who gave the thumbs of to the subprime mortgage securities, which were at the heart of the financial meltdown.

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