So I read that Standard & Poors – one of the World’s biggest financial rating agencies – is threatening to downgrade the US economy again.
Now while this is bad news for some, aren’t these the same people who – the DAY BEFORE THEY CRASHED – claimed ENRON was a AAA+ rated stock?
In other words, as safe as houses.
Big houses.
Wrapped in steel and on nuclear bomb proof stilts.
And if that wasn’t bad enough, they said – and did – the same thing with Bear Stearns.
AAA+ rating. As safe as the safest thing on earth.
Except it wasn’t.
Again.
And let’s not forget these are the people who used as their defense in the ENRON/Bear Stearns scandals – as seen in the awesome documentary, The Inside Job – that their information is only a ‘point of view’ and is not an meant to be treated as an indication of what may or may not happen.
SO WHY THE FUCK DOES EVERYONE KEEP USING THEM AS A BENCHMARK?
HOW THE HELL ARE THEY STILL ABLE TO OPERATE AND MAINTAIN SOME SORT OF CREDIBILITY IN THE FINANCIAL MARKETS?
Doesn’t take Sherlock Holmes to work out why … and the fact that they have just openly fucked the US Government shows that Obama might be the President of the United States of America, but he’s not running the place.
[Sorry, I obviously need some sleep]