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Standard & Poor's may downgrade the long-term credit rating of the U.S. once again in less than three months after sending shockwaves through the bond and stock markets by stripping the nation of its top notch triple-A rating last week, according to an emergency Sunday night conference call for clients of Bank of America Merrill Lynch.
"We do expect further downgrades," said Ethan Harris, North American economist, on the call. "We doubt the newly appointed bipartisan commission will come up with a credible long-term deficit reduction plan. Hence by November or December we would not be surprised to see S&P downgrade the debt again from AA-plus to AA."
Originally posted by WeZet
So that means the US of A is no more.
Posted Via ATS Mobile: m.abovetopsecret.com
Originally posted by morder1
Is there really anything more to say except, LOL?
I mean talk about blatant lies right in your face... According to S & P, we are NOT a AAA country... how can he even twist that to say we are, when we are not.
Originally posted by Surfrat
America's Credit rating survived Great Depression, but not two years of Obama