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Topic: US: Debt ceiling bill passed  (Read 847 times)

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US: Debt ceiling bill passed
« on: August 03, 2011, 07:56:57 AM »
http://www.bbc.co.uk/news/world-us-canada-14379240

I keep thinking about these ratings agencies. I understand the need for them, that the very nature of finance requires some sort of grading component, but it is unsettling - especially considering their recent screw ups - to think that these guys have this kind of unbridled power.
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I just hope that more people will ignore the fatalism of the argument that we are beyond repair. We are not beyond repair. We are never beyond repair. - AOC

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