Credit Rating Downgrade: Your thoughts?

Go down

What do you think of the Credit Rating downgrade?

25% 25% 
[ 1 ]
0% 0% 
[ 0 ]
50% 50% 
[ 2 ]
0% 0% 
[ 0 ]
0% 0% 
[ 0 ]
0% 0% 
[ 0 ]
25% 25% 
[ 1 ]
 
Total Votes : 4

Credit Rating Downgrade: Your thoughts?

Post by swiftfoxmark2 on Mon Aug 08, 2011 9:49 am

I just wanted to get everyone's thoughts on the Credit Rating downgrade, which happened in spite of the deal cut my Congressional Republicans with themselves.

_________________
swiftfoxmark2
swiftfoxmark2

Posts : 437
Pundit Level : 1365
Poster Popularity : 2
Join date : 2009-08-29
Age : 37
Location : A leaf in the wind

http://swiftfoxmark2.blogspot.com/ http://twitter.com/swiftfoxmark2/

Back to top Go down

Re: Credit Rating Downgrade: Your thoughts?

Post by Doc Trock on Mon Aug 08, 2011 12:22 pm

It was long overdue......the US has been defaulting since 1971, because they pay back debt with money that is worth substantially less than the money they borrowed.

Doc Trock
Doc Trock

Posts : 206
Pundit Level : 322
Poster Popularity : 0
Join date : 2010-07-12

Back to top Go down

Re: Credit Rating Downgrade: Your thoughts?

Post by swiftfoxmark2 on Mon Aug 08, 2011 3:50 pm

Just the mere fact that this didn't happen during Bush's administration shows the power of the US Federal Government and its influence on private organizations.

_________________
swiftfoxmark2
swiftfoxmark2

Posts : 437
Pundit Level : 1365
Poster Popularity : 2
Join date : 2009-08-29
Age : 37
Location : A leaf in the wind

http://swiftfoxmark2.blogspot.com/ http://twitter.com/swiftfoxmark2/

Back to top Go down

Re: Credit Rating Downgrade: Your thoughts?

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum