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Back to Home » August 2011 News » It's not just economics: S&P's political judgment |
It's not just economics: S&P's political judgment |
August 09, 2011
WASHINGTON (AP) -- The S&P downgrade was more of a statement on the toxic political landscape in Washington than a comment on the nation's ability to pay its bills. But S&P has its own checkered history. Just a few years ago, the company gave its top triple-A rating to some of the mortgage-backed securities that helped cause the Great Recession....
Source URL: http://hosted.ap.org/dynamic/stories/U/US_DOWNGRADING_US?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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