Today in economic doom and gloom
I’ve been saying since Friday, there will be some sort of investigation by the .gov into S&P. But, in Italy:
[O]ver in Italy, which is (believe it or not) a G7 economy, police raided Moody’s and Standard & Poor’s over allegations that all the meanie things that the rating agencies have been saying about the Italian economy were having an impact on Italian stock prices.
The blame game has gone from being humorous to being sad.
I think I see the problem. Of course, vuts to defense are needed too.
August 9th, 2011 at 10:29 am
Boy, it’s getting more and more banana republic-y around here.
August 9th, 2011 at 5:33 pm
Well, Italy arrested their leading seismologists for failure to predict an earthquake.