In response to:

Messing with the Bull

mbrandenburg Wrote: Feb 10, 2013 3:19 PM
why is it that when we see new buds on the trees we know spring is about to start, but when we see what this administration is doing we can't see that America is about to end, as we knew it?

 

With the announcement this week of its massive $5 billion lawsuit against ratings agency Standard & Poor's, the Federal Government took a bold step to squelch any remaining independence of thought or action in the financial services industry. Given the circumstances and timing of the suit, can there be any doubt that S&P is paying the price for the August 2011 removal of its AAA rating on U.S. Treasury debt? In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street:...