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Friday, July 29, 2011

Moody's might downgrade the United States debt rating

Moody's might downgrade the United States debt rating

fiction
edward w pritchard

It's stranger than fiction. You can't make this stuff up. Moody's might downgrade the United States debt rating in the next few days. Moody's, the rating agency today sits in judgment on all us Americans collectively for our inability through our governmental representatives to pass a debt extension bill in the Congress and Senate by August 2, 2011. A downgrade would raise the cost of US bonds and the higher interest costs would eliminate lots of worthwhile programs to help struggling US citizens, such as handicapped children, homeless people, disabled veterans and other worthy recipients. 

Meanwhile Moody's apparently have been forgiven for the fiasco they helped cause in 2008 with the sub-prime crisis, structured finance crisis, and various other chicaneries they did and that were overlooked from 2002 through a few months ago. 

The fallen woman[ Moody's] has been cleaned up, put on a new dress and came into the church and is preaching to the congregation [US tax payers] about how to behave. A corporation [Moody's] has no soul, no shame, and no conscience. It's just sad. It has the feel of the final days of the Roman empire about it.

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