Well, what do you know, our credit agencies insist your sucky life
must get suckier.
The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit, the bank said in a research note published on Friday.
This is clearly the fault of the poor and the middle classes, better make sure they are more severely punished.
But it
isn't bad for everyone (just almost everyone)
Rising Hegemon
2 comments:
Bank of America Merrill Lynch is in a frisky mood now that they’ve pawned off $75 trillion in derivatives risk onto the FDIC.
As the great Casey Stengel told us long ago, "Oldtimers, weekends, airplane landings and FDIC resolutions are alike. If you can walk away from them, they’re successful."
We ain’t walking away from this one, folks.
why isn't unemployment more worrying?
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