Eugene David
...The One-Minute Pundit

Friday, February 20, 2009


S&P, which specialized in GRADE INFLATION, now says the credit crunch has just started.

Given the source do we dare hope this isn't definitive?

It is also worth mentioning that Standard & Poor's apparently failed to predict the bankruptcy of Iceland in 2008, a country that had a very high rating until it suddenly collapsed.

Apparently.

Home
Site Meter eXTReMe Tracker