Just the Facts: S&P's $2 Trillion Mistake

shortformblog:

soupsoup:

The U.S. Treasury’s response to the S&P downgrade.

Key line: “In a document provided to Treasury on Friday afternoon, Standard and Poor’s (S&P) presented a judgment about the credit rating of the U.S. that was based on a $2 trillion mistake. After Treasury pointed out this error – a basic math error of significant consequence – S&P still chose to proceed with their flawed judgment by simply changing their principal rationale for their credit rating decision from an economic one to a political one.”

(via shortformblog)

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  1. rodriguezcapitaledutainment reblogged this from brooklynmutt
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  8. 50statepress reblogged this from soupsoup and added:
    Treasury wants to try to grab headlines with its “$2 Trillion Mistake” rubric, and of course some people will fall for...
  9. lunatic reblogged this from soupsoup
  10. loislee reblogged this from shortformblog and added:
    hello S&P, I’m going to downgrade your credibility rating =___=
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