S&P president "Stepping Down"

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I've been waiting for a S&P post, especially now that they are being investigated by the Obama administration.

Last week we were on an hour long conference call w/ our compliance people. Apparently L.A., San Mateo County, Ca., and Manatee County, Fl. are all dropping S&P as a rating system. We were advised to NOT purchase any bonds or bond funds w/ these 3 in it as it was implied that not only was this a political move but also that these 3 could possibly be hiding something.

As for Moody's who did not downgrade the Federal debt:

http://finance.yahoo.com/blogs/dail...nce-says-ratings-agency-rotten-155917921.html
 






Rocknwolf said:
Coincidence? or political pay back for a very stupid and unnecessary down grade.

http://www.foxnews.com/us/2011/08/22/standard-poors-president-resigns/?test=latestnews
Click to expand...

Are you really so uninformed that you don't think that a $14 Trillion debt on an annual gross income of $2 Trillion (before paying their taxes to the entitlements) is even a little excessive?

This firing was not unexpected. It is a message from OBlahBlah..."if you want to stay in business, don't shit where you eat."

The lamb will be slaughtered and the Democrats will be repudiated once again, and all will be right with the world.
 
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