Could America Really Lose Its Triple A Rating?

WallStreetPit blog alerted us to this item. The FT op-ed is at this link, but may only be available by subscription. And there’s been a lot of commentary in the Letters section of the paper.

In today’s [actually the May 12 issue] Financial Times, there is an op-ed article by David Walker, the CEO of the Peter G. Peterson Foundation pondering the possibility of the U.S. losing its prized AAA credit rating. The paper focuses on a warning that was issued by rating agency Moody’s months ago. Moody’s has not issued a...

Could America Really Lose Its Triple A Rating?
Wed, 13 May 2009 19:28:10 GMT

What do you think? Are we close to losing the US AAA rating? What kinds of problems will that cause for companies with high or the few remaining AAA ratings if the sovereign ceiling slips?

An interesting commentary from Bear Market Investment Blog: CT Attorney General: "It’s Time To Shatter The Old Boys Club Of Rating Agencies"

 

For the few sane people who have been watching and recoiling with horror as Bernanke, Geithner and Bair implement their insidious “rich get richer” PPIP/TALF plan by relying exclusively on the AAA ratings of the very same rating agencies that were the primary cause of the current economic catastrophe (yes Steve Liesman, not the CDS market or CDS traders - the rating agencies ) today was a glorious day. In what could potentially become yet another voice for rationality and for the common people,

CT Attorney General: "It’s Time To Shatter The Old Boys Club Of Rating Agencies"
Fri, 15 May 2009 02:22:42 GMT