[Clairity]

“The S+P better watch out - or it might find itself getting nationalized in the interest of “fairness and balance”.

You think you are kidding

http://www.nypost.com/p/news/business/obama_be_careful_what_you_ask_for_cf8E6nAR4MaP3tLZpmR4CK

“Right before the 2008 election, President Obama said he’d put the credit rating agencies like S&P under federal oversight if he became President. Why?

Because S&P, Fitch and Moody’s had not done their job when it came to policing the mortgages that Wall Street had bundled into securities and sold to the public.

So it must have been rather humorous when the President and his henchmen spent most of Friday begging S&P not to take from the US the highest rating available. “

[Tzimisce]

I wasn’t being flippant.

Socialists like to “nationalize” and seize things that make them mad.

S+P was raided by Italy a few days ago when S+P said Italy was a bad investment.

I’m sure the idea has also been kicked around in this country (and still is being debated.)