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Words of Wisdom

"Time is what we want most, but what we use the worst."
~William Penn

Monday, August 08, 2011

Breaking News!! Standard and Poor's downgraded as a rating agency!

(Texas Online Radio~8/8/2011) On the heels of S&P's downgrade of US debt, the oversight committee here at Texas Online Radio has downgraded the rating of the rating agency to D-.   This is the same "rating agency" that has missed the call on every economic "bubble" of the last several decades.

Let's take a look over the next several days as to who S&P is, who's on their boards, and most importantly...who pays them.

The United States is still the best place on the planet to be, we have our problems, but to have a single "rating agency" have the power to basically hold our economy hostage, it deserves a look. 

Why now? ...and who's "...the man behind the curtain." ?

posted by Jeff ~ 8.8.2011

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