Oh Goody, another credit downgrade.

[Sgt Staples]

At least one credit rating agency doesn't think it's a real good idea to destroy the value of the dollar to save Obama's rear end.

One more giant step along the road to economic collapse....

US credit rating cut by Egan Jones.... again.

http://www.cnbc.com/id/49037337

 

[worldlymrb]

What's this, a domestic extremist credit agency admitting FRB/UST check kiting will devalue the USD and destroy what is left of the once mighty U.S Economy? Look for Egan-Jones to soon be audited and put on a no-fly, no buy list.

 

[Barney]

Not sure about Egan, but these downgrades are mostly credited to a dysfunctional political system. Returning to the republic described in the Constitution would help -- 51 votes is a majority in the Senate. Otherwise we have paralysis.

Or make them actually stay there and filibuster, rather than 'threatening'.

 

[degsme]

Who The Fvck is Eagan Jones???

Seriously... Markets are laughing at this guy as they bid DOWN the risk premium on US Bonds.