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08-02-2011, 06:04 PM
| #1 (permalink) |
| Family Member Join Date: Aug 2008
Posts: 2,756
 |  Credit rating agency inconsistencies
Moody's said that US maybe downgraded if debt ceiling was not raised (punishes US for setting a limit to debt) while it threatened Spain with a downgrade if the did not setting a limit to debt. Spain has a better debt/GDP rate than US. Moody's had given AAA to Iceland banks and subprime mortgages. Why do people still listen to them? |
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