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U.S. gets C credit rating, lower than Mexico

April 28, 2011, 1:59 p.m. EDT
U.S. gets C credit rating, lower than Mexico
Weiss judgment ‘attention-grabbing,’ says president of Egan-Jones

By Alistair Barr, MarketWatch

SAN FRANCISCO (MarketWatch) — The U.S. got a sovereign credit rating of C on Thursday, in line with ratings for such smaller economies as Mexico, Estonia and Colombia.

Weiss Ratings, based in Jupiter, Fla., has rated the creditworthiness of financial institutions for several years, but the firm launched sovereign- debt ratings of 47 countries on Thursday. The U.S. rating of C (Fair) ranks it 33rd, Weiss noted in a statement.
U.S. dollar gets crushed, again

Why the dollar’s getting sold lower, pushing the euro to a rate of $1.48, and how the Federal Reserve is factoring into the greenback's decline.

The rating comes just over a week after Standard & Poor’s Rating Services revised the outlook on its AAA rating for U.S. government debt, cutting it to negative from stable. Read the story here.

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http://www.marketwatch.com/story/us-gets-c-credit-rating-low...




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Weiss:US Debt Rating Unfair

US High Debt Rating Unfair Says Weiss:
http://www.thestreet.com/story/11098109/1/us-high-debt-ratin...

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

Passing - yay!

A "C". That's a passing grade right? Woohoo! We passed, yay.
Thanks Congress, Bernanke, Geithner, Obama, Bush. We passed.
We got a "C".

Let it not be said that we did nothing.-Ron Paul
Stand up for what you believe in, even if you stand alone.-Sophia Magdalena Scholl

Passing the Buck? Nay Lad. Nay. Nothing for you.

The USA Government debt got rated. You will get your increased interest bill soon nuff. National debt interest, here to fore, has mostly been paid by Income Tax; Not letter grades. Save up. Pay as you go.

You ain't still in school are you? Being taught you earn a letter grade? That & a silver dime gets you coffee at the 12-Mile-House. You on horseback? Watering your stock will cost extra.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

3 Credit Rating Agencies are Ordained by USA to rate USA Debt.

[Victrola provides a slow rolling drum beat]

Credit Rating Agencies are Ordained by USA to rate USA Debt.

  1. Standard & Poors [Poor?]
  2. Moodies [Poor Mood?]
  3. Fitch [Flinch? Nod & wink to audience]

They are paid princely. [Fumble with stacks of financial reports clutter desk.]

Secret Agents no nothing of bonds!
"Nothing!" [Fix eyes on front row, center.]

"They know nothing!!!" [Pound table. Rant...Phone rings.]

Yes?... James Bonds? I don't know... Give them a AAA like the rest of our best paying customers. Yea, Triple AAA.

What? Only one?... Bond? James Bond? [Furrow brow] Shall I pack? [Intermission...]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul