Posted on 08/19/2011 4:58:07 PM PDT by tsowellfan
Birds of a feather S & P downgrades Obamas and Chavezs handling of economy
NEW YORK - Standard & Poor's downgraded Venezuela's credit ratings as it implemented a new methodology more heavily focused on political risk -- a key weakness in the oil-producing country.
S&P cut Venezuela's long-term sovereign rating to B-plus from BB-minus. The outlook on the new rating is stable.
Oh no. This will really make Obama mad.
Quiero que mi oro!!!
Mr. Chavez has gold and oil.... what else is there?
I sure hope S and P was rating Venezuela from New York. A reduction in rating there can result in a long jail sentence.
Get punished? Hell, they’ll get invaded if they keep trying to get their gold back from the banksters.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.