Never say never, unless you’re Tim Geithner
The US will never lose its AAA rating, Geithner says.
In fact, the US has created or saved 2 mln AAA ratings since it took office, he continued…. Oh wait…wrong stat…
The US will never lose its AAA rating, Geithner says.
In fact, the US has created or saved 2 mln AAA ratings since it took office, he continued…. Oh wait…wrong stat…
2 Responses to “Never say never, unless you’re Tim Geithner”
Considering that the credit rating agencies are paid by the very same companies they evaluate, I’m sure the US treasury will just pay them a little more to maintain the AAA credit rating. The fact that the credit rating agencies slapped A+ or higher credit rating on CDO’s in which they were actually worthless,(contributing to the financial crisis) should make people question if credit rating agencies can be trusted due to their conflict of interest.
Wow, Alex — you beat me to it! Agree 100%.