logicallypositive said: SEC is using its regulatory powers to bully S&P for making an observation anyone who isn’t blind could see coming from a mile away
» SFB says: Which part of “This investigation began before S&P lowered the U.S. credit rating” did you miss? And also, it’s the U.S. Justice Department investigating this particular aspect; the SEC is handling a different investigation entirely, one that’s ongoing.
» One note on the Bachmann one: You’ll note that if you read the full document, it specifically blames Republican policies — largely their unwillingness to raise revenue by raising taxes — for the downgrade. Yes, there is too much debt. Yes, it needs to be dealt with. But if the GOP can’t give an inch on taxes, then these words don’t hold water.
The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.Samuel Rubenfeld’s Tumblr: The S&P Downgrade: The Text • Great work America!