S&P Downgrades US:Here is the great irony: S & P (and the rest of the rating agencies) helped contribute in no small measure on the general economic crisis. The toadies rated junk securitized mortgage-backed securities AAA, because they get paid by the banks.
They are totally corrupt and should receive the death penalty enterprise (ala Arthur Anderson) have.
The good news is that we meet the requirements of SEC and other regulations that their input is needed from each; The bad news is that they vary a bit.
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