WAR! U.S. Treasury AAA Credit Rating Comes Under Attack

[Post Summary]

They struck me, they wounded me;
—Song of Solomon

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Let's hear the voices who recently attacked the role played by credit rating agencies in destroying private credit markets speak 10 times louder in opposition to what's now possible in the realm of public finance...

The U.S. Treasury is threatened.

What is surprising about Uncle Sam's "Bailout Shock Therapy" having led a ratings agency (Standard & Poors) to even think about downgrading U.S. Treasury debt is the utter incompetence of it all. What's playing is the same charade ... pretending this moment were entirely "unpredictable."

Therefore the ratings agencies should be called to account. What basis do their models have when they, themselves, were instrumental in facilitating the degradation of the financial situation ... such as has occurred thus far ... such as now threatens the U.S. Treasury?

The U.S. Treasury!

What about this do you not see is the face of WAR?

—Tom Chechatka