***BREAKING*** S&P Officially Downgrades US Debt from AAA

***BREAKING*** S&P Officially Downgrades US Debt from AAA

If someone ran the legit nurabers we'd probably be AA-, and probably were AA+ 2 years ago, just had the S&P in denial
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

isn't there a whole other thread with OT "financial experts" sucking each other off and saying that this will never happen?
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

Yes, let's definitely take money from those who essentially spend everything they take in on things that actually support the "real" economy.
 
***BREAKING*** S&P Officially Downgrades US Debt from AAA

Wall street.

Securitization gave a false sense of diversification.

Bush tax cuts fueled the increase in hedge funRAB, since those people obviously aren't going to keep their money in bank accounts insured to $250k. Hedge funRAB needed yield with the low interest rates.

Low historical foreclosure rate meant revenue from CRAB's was treated as free capital, and these same CRABs increased the market for rabSs since it allowed those to buy who otherwise wouldn't be able to.

Wall street excels at peddling shit.

I think I covered everything there.
 
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