Standard & Poor Choices…

S&P, who dared to downgrade the long-term sovereign credit rating of a nation that is fast approaching $15 trillion in debt has replaced its president with…wait for it…no, keep waiting…the former COO of Citigroup.  Yes, that Citigroup!  The organization that happily pulled in hundreds of billions of dollars in tax payer and borrowed money after mismanaging itself for years.  I’m sure the rating process that took S&P far too long to downgrade the US, will now be even more objective in its analysis with a former Citi exec at the helm.

I smell a rating upgrade in our future…

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