Moody's and Fitch's and S&P all gave stellar ratings to all the housing bubble bonds right up until the bubble burst.
The underlying mortgages - mostly subprime and alt-a were all FANNIE MAE.
Fannie Mae was a Democrat Party controlled entity conceived to carry out liberal policy and intervene in the marketplace.
The ratings firms were DEAD wrong and we are stuck paying the bill.
Now they're telling us that if we fail to raise the debt ceiling that they will be forced to lower our bind ratings.
This also serves the liberal agenda.
Under GWBUSH, every single democrat in the Senate voted against raising the debt ceiling.
If it was okay for them to do then, then it is okay for us to do now.
And let the corrupt and/or inept ratings firms be damned.
DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
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