Jude's Threshold

A Tapestry Blog of Astrology, Politics, Art, and Social Concerns

Archive for August 8th, 2011

Senator Bernie Sanders downgrades S&P

Though you’ve probably heard or read this quote before today concerning Friday’s S&P downgrade of America’s credit rating to AA+, I wanted to post it somewhere and since I’ve already published this morning to my Political Astrology site Stats Over Washington, it fits here snugly. Plus, this way I can find it easily whenever I want since truth coming out of Washington DC is often sparse and far between:

“I find it interesting to see S&P so vigilant now in downgrading the US credit rating. Where were they four years ago when they, and other credit rating agencies, helped cause this horrendous recession by providing AAA ratings to worthless sub-prime mortgage securities on behalf of Wall Street investment firms? Where were they last December when Congress and the White House drove up the national debt by $700 billion by extending Bush’s tax breaks for the rich?” – Vermont Senator Bernie Sanders

Yes, where were S&P and other credit raters as they played their role in the engineered, well-timed, long-planned Financial Collapse 2008? To the senator’s words I must add a hearty Amen!

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