U.S. Debt Likely To Be Downgraded Again, Says Merrill Lynch

[clinton4life2011]

Bank of America Merrill Lynch is forecasting that the United States will likely lose its triple-A credit rating from another major rating agency...

http://www.breakingeconomics.com/2011/10/us-debt-likely-to-be-downgraded-again.html

[clinton4life2011]

1. And we can thank George W. Bush for this mess...

He turned Clinton's surplus into a deficit with his INSANE move to invade all of the Middle East. Sorry, it IS Bush's fault.

[leveymg]

2. Once these pillars start to collapse, almost everything else just falls down.

Does BoA-ML really think they won't go down along with the rest? Seems they're already in free-fall and looking for something to put a hook into - like the US Treasury.

[redqueen]

3. These ratings agencies are all suspect IMO.

Ever since I read what Senator Bernie Sanders said about the S&P downgrade.

"I find it interesting to see S&P so vigilant today in downgrading the US credit rating. Where were they 4 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?"

[closeupready]

5. Yup. Why this story doesn't alarm me. Paper tigers.

nt

[valerief]

4. Same game, different player. We're not in the game. We're just their pawns. nt