S&P projection was 2 trillion dollars off, U.S. Treasury pointed out the mistake

anneboleyn

(1000+ posts) Send PM | Profile | Ignore

Fri Aug-05-11 08:06 PM
Original message

S&P projection was 2 trillion dollars off, U.S. Treasury pointed out the mistake

Edited on Fri Aug-05-11 08:07 PM by anneboleyn

this afternoon. However, S&P went ahead with the downgrade even though they made a substantial error in their projection. This sounds political to me. Per CNN, right now, with Anderson Cooper.

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DTinAZ

(325 posts) Send PM | Profile | Ignore

Fri Aug-05-11 08:09 PM
Response to Original message

1. Time to take down S&P's website?

Anyone from LulzSec here? or Anonymous?

d

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anneboleyn

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Fri Aug-05-11 08:13 PM
Response to Reply #1

2. I wish!!! S&P actually faults the Republicans in their press release for refusing to allow taxes

for revenue purposes. And for keeping the Bush tax cuts in place.

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DTinAZ

(325 posts) Send PM | Profile | Ignore

Fri Aug-05-11 09:00 PM
Response to Reply #2

3. No, not really.

I just read the release, found here:

http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245316529563

The "faulting" is pretty weak, if it's even there. If it was there, I don't think there would be as much pushback from the Administration as currently exists.

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