-
The credibility and integrity of S&P’s ratings action
The downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges… The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, the differences between ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 6, 2011 11:16pm Aug 6, 2011 11:16pm
- Yao
- | Joined Aug 2011 | Status: Member | 669 Comments
- Comment #2
- Quote
- Aug 7, 2011 5:00am Aug 7, 2011 5:00am
- 2+2=4ex
- Joined Mar 2009 | Status: Trader | 321 Comments
- Comment #3
- Quote
- Aug 7, 2011 5:01am Aug 7, 2011 5:01am
- 2+2=4ex
- Joined Mar 2009 | Status: Trader | 321 Comments
- Comment #4
- Quote
- Aug 7, 2011 5:03am Aug 7, 2011 5:03am
- 2+2=4ex
- Joined Mar 2009 | Status: Trader | 321 Comments
- Comment #5
- Quote
- Aug 7, 2011 9:15am Aug 7, 2011 9:15am
- Hareii
- Joined Jun 2011 | Status: Member | 840 Comments
- Comment #6
- Quote
- Aug 7, 2011 10:53am Aug 7, 2011 10:53am
- clockwork71
- | Commercial Member | Joined May 2007 | 1176 Comments
- Comment #7
- Quote
- Aug 7, 2011 12:09pm Aug 7, 2011 12:09pm
- forexchequer
- | Joined Mar 2009 | Status: Member | 18 Comments
- Comment #8
- Quote
- Aug 7, 2011 12:21pm Aug 7, 2011 12:21pm
- forexchequer
- | Joined Mar 2009 | Status: Member | 18 Comments