S and P downgrades U.S. credit rating for first time. OK, we knew about that, but didn't you just know this next one was coming from the Obama Administration:
Justice Department Reportedly Investigating Standard and Poor's The investigation began before Standard and Poor's cut the United States' AAA credit rating this month, but it's likely to add to the political firestorm created by the downgrade, the newspaper said. Some government officials have since questioned the agency's secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations."
This will be a shot across the bow of anyone else who may consider rating the US poorly, deservedly or not.
Fear the regime.
Other expected headlines:
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