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reactions to s&p move to negative outlook for the us April 18, 2011

Posted by Bradley in : rankings/ratings , trackback

1. Who do they think they are?: S&P’s Negative Call Stems From Crisis That Some Say It Caused (CNBC);Even After Missteps Credit Raters Wield Much Power (ABC News)
2. Cuts now: Lawmakers seize on Standard & Poor’s outlook in debt-ceiling debate (Washington Post blog); Standard & Poors Rings the Reality Bell (Big Government)
3. Increase taxes now: A warning of doom from Wall Street to Washington (Salon.com)


1. Michael - April 18, 2011

S&P said that the downgrade is due to the risk that Congress (ie the GOP) will not raise the debt ceiling, and not due to the level of debt. Those who use this S&P report as an excuse to invoke the non-existent bond vigilantes are either lazy, mistaken, or dishonest.