I hope he is wrong

[Bigerik]

Originally Posted by merrylander

In that same issue Simon Schama, the noted British historian had a nice comment about Standars & Poor's and Moody's;

"Credit-rating agencies—those ravening hyenas of fiscal trouble—move on from one economy, mutilated by sovereign-debt downgrade, to another, traveling north from the basket cases of the Mediterranean, crossing the Alps in search of freshly fallen game. You might think that the agencies that were the enablers of the subprime calamity and were capable of making a trillion-dollar error in calculating American debt reduction over the next decade would have the decency to go into hiding for just a while before presuming to decree the viability of hard-pressed states to meet their bond obligations."

I agree with this assessment.

Brilliant!