U.S. Treasury debt just downgraded from AAA to BB+!

wilburbear · Apr 1, 2009

April Fools!!

U.S. Treasury debt shouldn't even be that high!

Eight · Apr 1, 2009

That's nothing, Obama is bailing out Gold....

Mercor · Apr 1, 2009

A black man from the Southside of Chicago is the leader of the free world.

HA! HA! April's fools!!!.......huh,,err,,,sorry..nevermind

akeserla · Apr 1, 2009

Didnot expect a lot after Bush though... Texans are not exactly the sharpest

bellman · Apr 1, 2009

This was the most plausible of the April Fool's threads I've read so far!

thriftybob · Apr 1, 2009

By this time next year it will be true, or worse.

m22au · Apr 1, 2009

it could remain AAA rated for a long time, but with the debt being paid by the Federal Reserve printing money to buy it

Quote from thriftybob:

By this time next year it will be true, or worse.

wilburbear · Apr 4, 2009

While we're on this topic, who rates U.S. gov't debt? I thought Moody's, at least, wouldn't do it.

wilburbear · Jul 13, 2010

The problem is - no one has a monopoly on information anymore.

We (the U.S.) can exert pressure to keep our ratings up, but foreign interests can't be pressured.

http://www.telegraph.co.uk/finance/...ncy-strips-Western-nations-of-AAA-status.html

wilburbear · Aug 5, 2011

Quote from wilburbear:

The problem is - no one has a monopoly on information anymore.

We (the U.S.) can exert pressure to keep our ratings up, but foreign interests can't be pressured.

http://www.telegraph.co.uk/finance/...ncy-strips-Western-nations-of-AAA-status.html

IF the U.S. is downgraded over the weekend, can politicians say the didn't get enough warning??

This issue is 2 years old, at least.

The primary Chinese debt rating agency downgraded the U.S. more than 12 years ago. The U.S. response? - try to keep the news from being disseminated. They're only human, I guess.