Rating agencydowngradeS U.S. credit rating to AA+

[envivision]

Thank you, TEABAGGERS, YOU ^&^%^%^^&

[envivision]

We all got alittle bit poorer, thanks to those tea baggers.

[BellaBellucci]

You beat me to it. This is pathetic. For a downgraded rating, we didn't need to take on any more debt. In fact, arguments were made that there was enough money in the treasury to pay entitlement benefits, regardless of the debt ceiling. So now we're going on take on more debt we don't need at even higher interest rates than we were paying to begin with.

They shouldn't have voted to raise the ceiling at all. Many polls actually showed that a majority of Americans were against it (as was I), feeling that the downgrade was inevitable. We were right.

~BB~

[Erika1487]

Miss Ann Explains.....

http://www.popmodal.com/video/8696/

[BellaBellucci]

Miss Ann Explains.....

http://www.popmodal.com/video/8696/

When is she going to come out of the closet and represent her transsexual sisters?

~BB~

[Erika1487]

When is she going to come out of the closet and represent her transsexual sisters?

~BB~

Ummm no comment. lol

[BellaBellucci]

So let's see if I have this right: the market goes through a correction one day, the next day as the U.S. credit rating is downgraded, BofA, a leading mortgage lender, loses 7%, yet the market finishes up and the U.S. Government is disputing the rating, alleging that some indicators could be as far as 'trillions' of dollars off. Did anybody else notice that this all culminated just before the weekend?

Martha Stewart, eat your heart out!

http://money.cnn.com/2011/08/05/mark....htm?hpt=hp_t2

~BB~

[airman]

putting all my usd into geoffery dollars

[MrsKellyPierce]

It was purely political - they are basically telling our government to stop being so dysfunctional - and to stop platforming

[collegeguy21]

It is not a material issue. To everyone institution around the world we are already AA+. Nothing is going to change and the smart money is staying domestic. So what if cost of borrowing goes up 60bps.... life goes on. I'm just glad the S&P had some balls.