Quote:
Originally Posted by BuckyThreadkiller
Are two complaining about the downgrade or thinking it was deserved?
|
I'm gonna reserve judgment until I scrutinize Credit Agency Soverign Debt Rating methodology which apparently was altered back with Bush that allowed for over-rating of Bundled Securiites (allowing for derivatives they weren't regulated) and under-estimating risk and this was the genesis of the 2008 economic collapse and great depression ... and how this had such a destructive impact on an economy that essentially became inert .. (in it's fail-safe systems since 1929)