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Never say never, unless you’re Tim Geithner

By   || February 7, 2010 at 14:44 GMT
|| 2 comments || Add comment

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…

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2 Responses to “Never say never, unless you’re Tim Geithner”

  1. Alex on February 7th, 2010 15:49 GMT

    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.

  2. Bill on February 7th, 2010 21:24 GMT

    Wow, Alex — you beat me to it! Agree 100%.

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