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|08-02-2011, 06:04 PM||#1 (permalink)|
Join Date: Aug 2008
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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