BrainKing - Discussion boards (Politics)

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Politics

Forum for discussing local and world politics and issues. All views are welcomed. Let your opinions be heard on current news and politics.

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9. August 2011, 21:37:05

Mort

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"On his Twitter feed Monday, the Oscar-winning film director also blamed the 2008 economic collapse on Standard & Poor's -- apparently because it and other credit-ratings agencies did not downgrade mortgage-based bonds, which encouraged the housing bubble and let it spread throughout the economy."

I don't like the loud fat slob either, but it's hard to argue with the above statement. I can't say whether that was the start of our troubles, but it sure gave us a good hard shove down the slippery slope.

9. August 2011, 22:23:24

Papa Zoom

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Subject: Re:

(V): Maybe only the S&P did the responsible thing. Maybe the other rating agencies were afraid of congressional retribution.