S&P and ratings agencies

Aug 8, 2011 by Sam

This “downgrade” just is another reason that ratings agencies are really not that useful- every investor should do their own due diligence and the US credit worthiness is not something that actually should require or have any relevance to a rating-

After all – what exactly did a rating committee at S&P tell worldwide  investors that they did not know already.?

Or is S&P just a reality wake up call that our debt is really something we need to think about.