I suppose I should say something about the credit downgrade, but really, this is all a show. At whose behest is S&P doing this? Hard to say. But after seeing them help sell the Big Shitpile with AAA ratings, I’d assume they’re up to no good.

Here’s Krugman.

UPDATE: Yeah, something’s not kosher. Gee, I wonder if the SEC will look into this?

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