The PMS of S&P

By: Friday August 5, 2011 7:58 pm

People are focused on the market implications of the downgrade, but that isn’t what this is about. It’s about a President who will now be relentlessly tagged with responsibility for a rating given by a disgraced organization whose victims should have liquidated them long ago.

Standard and Poor’s Should Not Be Able to Play Kingmaker in the 2012 Election

By: Wednesday July 27, 2011 9:28 am

No private entity should have the power to bring down a president with an arbitrary and unjustifiable wave of the hand. No company should be able to line up a nation’s assets and orchestrate a fire sale on behalf of Wall Street, and then give them a private showing about what’s in store. They should not have the right demand cuts that destroy critical social safety net programs that the public overwhelmingly supports like Social Security and Medicare, and they most certainly should not be able to crown a new king as they implement Wall Street’s shock doctrine vision for the future.

CSM Ads advertisement
FOLLOW FIREDOGLAKE
Upcoming FDL Book Salons

Saturday, April 26, 2014
2:00 pm Pacific
All the Presidents’ Bankers: The Hidden Alliances that Drive American Power
Chat with Nomi Prins about her new book. Hosted by Bill Black.

Sunday, April 27, 2014
2:00 pm Pacific
Summer of Beer and Whiskey: How Brewers, Barkeeps, Rowdies, Immigrants, and a Wild Pennant Fight Made Baseball America’s Game
Chat with Edward Achorn about his new book. Hosted by Richard Taylor (dakine01).

Advertisement

Close