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Showing posts with label Fitch. Show all posts
Showing posts with label Fitch. Show all posts

Thursday, July 28, 2011

Government of S&P, By S&P and For S&P

July 28th, 2011

A number of analysts are finally getting around to asking some very sensible questions regarding the power and influence of Moody’s, Fitch, and Standard & Poor’s in the debt limit boondoggle.


Although we probably should have started this conversation months ago, it's better late than never. Robert Reich draws attention to the fact that the "$4 trillion in savings" figure we've been hearing Republicans insist upon day after day is a target specifically set by S&P, an unelected private firm.