Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 05/28/2010 10:35:37 AM PDT by C19fan
It’s the growth rate, stupid. And the ratings firm is less rosy on the kingdom’s growth rates than the government is. Fitch writes:
The Spanish government has announced an ambitious fiscal consolidation plan to ensure a return to sustainable public finances after the global financial crisis. Fitch believes the Spanish government could find it hard to implement some of the expenditure cuts.
(Excerpt) Read more at blogs.wsj.com ...
These ratings agencies suck too especially S&P.
They appears to go on sovereign debt AAA then they jump to C then D or F to cover their arses. They should gradually dowgrade to keep the politicians honest and do their job properly.
They wanted Zapazero..and now they’ve got zip.
Look out Fitch, et al: the big accounting firms, hungry for new sources of revenue, want a piece of the ratings pie.
hey wanted Zapazero..and now they’ve *got* zip.
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