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Thread: The president of Standard and Poor's resigns!

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    The president of Standard and Poor's resigns!


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    Re: The president of Standard and Poor's resigns!

    Quote Originally Posted by dontworrybehappy View Post
    I agree, I think they ****ed up big time.

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    Re: The president of Standard and Poor's resigns!

    Quote Originally Posted by pbrauer View Post
    I agree, I think they ****ed up big time.
    The credibility of S&P will greatly diminish if interest rates on all U.S. debt continue to stay at their historic low.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: The president of Standard and Poor's resigns!

    Sharma will soon resurface in a cushy job at Goldman Sachs.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

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    Re: The president of Standard and Poor's resigns!

    Wow. The timing here looks mighty suspicious.

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    Re: The president of Standard and Poor's resigns!

    Yes it does. I just don't know what it means.

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    Re: The president of Standard and Poor's resigns!

    S&P lowered the the U.S. to AA+ as a political maneuver to hurt Obama and I agree with the ploy. But now they are no protecting the company with the sacrifice of one guy who is rich beyond our dreams.

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    Re: The president of Standard and Poor's resigns!

    Quote Originally Posted by Councilman View Post
    S&P lowered the the U.S. to AA+ as a political maneuver to hurt Obama and I agree with the ploy. But now they are no protecting the company with the sacrifice of one guy who is rich beyond our dreams.
    Why do you believe this?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: The president of Standard and Poor's resigns!

    Quote Originally Posted by Councilman View Post
    S&P lowered the the U.S. to AA+ as a political maneuver to hurt Obama and I agree with the ploy. But now they are no protecting the company with the sacrifice of one guy who is rich beyond our dreams.
    Quote Originally Posted by American View Post
    Why do you believe this?
    I do believe there were some ulterior motives that caused them to lower the rating (seeing as they maintained the downgrade even after they admitted to the Treasury department pointing out their "$2 trillion mistake") This tells me that, to a certain degree, they had already decided on an outcome first, and come up with a rationale later.

    However, I wouldn't go so far as to say that they did it to hurt Obama. Clearly they did it for some reason, I just don't know what exactly. To make a statement, I guess?

    And, just fyi to the mods this is a dupe thread.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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