Month: August 2011
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Our Structural Deficiencies
So I know I’m a day late and a dollar short on the news of the credit downgrade by S&P. Quite honestly, I wanted to see the reaction before I tried to write anything about it. Initial reaction dealt mostly with the $2t error by S&P, something that should make the company blush a bit.…
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Assisted Stupidity
So I guess something was passed yesterday that’s supposed to have brought us back from the brink of the disaster that would have been a credit downgrade. If you don’t think a credit downgrade would have been bad, look at your creditcard statement, down there by the interest rate, and add 10 points to whatever…