posted on Aug, 6 2011 @ 06:01 PM
Weeks before the S&P downgrade of U.S debt, many financial institutions made significant changes to their by-laws to allowing them to hold non triple
A rated assets. It seems to me that theses various institutions knew that the downgrade was coming, but how did they time it so perfectly?
Either A: They are working for/with the republicans, and this is an attempt to make Obama look bad. [If this is true, it seems to be working]
Or B: They are working for/with the government to create panic within the financial sector in order to get the public to support tax increases.
Or maybe a bit of both. If you really think about it everyone knew U.S debt was garbage long before the downgrade [even most of the countries that are
allowed to keep their AAA rating debt is garbage], but why change the rating now? It makes no sense to me, there has to be another reason behind this.
What do you think?