Tag: Standard and Poor’s

The price of truth: S&P fires its CEO, replaces him with COO of Citibank

Michael Laprarie August 23, 2011 Asshats, corruption, Wall Street 23 Comments

The Financial Times is reporting: Deven Sharma is stepping down as president of Standard & Poor’s only weeks after the rating agency issued an unprecedented downgrade of the credit …

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To all those who believe the Tea Party caused the S&P downgrade …

Michael Laprarie August 8, 2011 Asshats, Barack Obama, Big government, Democrats, Economics, Tea Party Movement 53 Comments

The key word in S&P’s explanation of its downgrading of US debt is “TRAJECTORY”. A trajectory is based on a series of data points collected over time, not on …

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