Saturday, August 6, 2011

Quote: Where were S&P last December?

“I find it interesting to see S&P so vigilant today in downgrading the US credit rating. Where were they 4 years ago when they, and other credit rating agencies, helped cause this horrendous recession by providing AAA ratings to worthless sub-prime mortgage securities on behalf of Wall Street investment firms? Where were they last December when Congress and the White House drove up the national debt by $700 billion by extending Bush’s tax breaks for the rich?”
                                                                                  — Senator Bernie Sanders

1 comment:

  1. Bernie is so brilliant. I've been asking myself the same thing all day. There are so many things wrong with what is going on right now in our government and economy.

    ReplyDelete

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