...and pretty soon you're talking real money. The USA's triple-A credit rating is coming into question. Outfits like Fannie Mae, Freddie Mac, GM, AIG, Citigroup which once were beyond question can now be imagined to sunk by terrible risk management.
When you consider that Obama. Reid, Pelosi and McCain have all beclowned themselves on oil prices plus the tax and spend dna of both parties in America plus the depressed currency, you do have to wonder whether it's time for a downgrade. It happened to Japan.
Posted by Mark Adams on July 17, 2008 8:07 AM
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