This S & P potential downgrade of US government debt alone confirms US Treasury Secretary Tim Geithner lied when he declared "the US will never lose its AAA credit rating" <click here>.
This is the same Standard & Poor's, like their peers, which totally missed the mortgage industry implosion--and were deservedly criticized for being asleep at the wheel after blessing toxic subprime mortgage-backed securities with a AAA rating as well. I guess S & P got tired of the criticism and decided to do their job of dispensing the truth after all.
http://www.zerohedge.com/article/stunner-sp-revises-us-outlook-negative
Monday, April 18, 2011
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