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Barry Ritholtz–10 Questions About Last Night's S&P Downgrade

Posted on August 6, 2011 by Kendall Harmon

1. The change in trajectory of US debt was in service of Banks: It began with TARP, and continued with every other bailout/stimulus/economic plan. What was S&P’s role in creating that crisis?

2. How will non-US investors (Private and Central Banks) view the downgrade?…

9. The Rating Agencies were downgraded by Dodd-Frank, with all regulatory and legal references to be removed. Was S&P’s move retaliatory?

Read it all.

Posted in * Economics, Politics, Budget, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, House of Representatives, Office of the President, Politics in General, President Barack Obama, Senate, Stock Market, The National Deficit, The U.S. Government