October 23, 2011

DON’T WANT YOUR CREDIT DOWNGRADED? Make downgrading your credit a crime! “This week alone has seen a ratings downgrade for Spain as well as a threat by agencies to review France’s AAA status — and the markets have taken notice. Once again, it would seem, ratings agencies are making things difficult for European countries. Now, the European Union is considering doing something about it.” Yeah, that’ll solve the problem.

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