Replies

To: xzins

Who is Egan-Jones? Do they matter?

11 posted on 04/06/2012 9:43:30 AM PDT by Yardstick

To: Yardstick

Yes. They were the first to strip the US of its AAA rating last year.

12 posted on 04/06/2012 9:44:52 AM PDT by xzins (Retired Army Chaplain and Proud of It! Pray Continued Victory for our Troops Still in Afghan!)

To: Yardstick

Also, they are one of a limited group of raters recognized by the Securities and Exchange Commission

13 posted on 04/06/2012 9:47:45 AM PDT by xzins (Retired Army Chaplain and Proud of It! Pray Continued Victory for our Troops Still in Afghan!)

To: Yardstick

“Who is Egan-Jones? Do they matter?”

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What matters is that they are absolutely correct, and everyone with ANY economic aptitude knows it.

In fact, I would say they are markedly UNDERstating the case for downgrading the USSA.

14 posted on 04/06/2012 9:49:06 AM PDT by EyeGuy (2012: When the Levee Breaks)

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