It's always nice when an airplane articulates your thoughts for you—like the plane flying above Lower Manhattan today trailing a huge message: "THANKS FOR THE DOWNGRADE. YOU SHOULD ALL BE FIRED."
It's only been one day since ratings agency Standard & Poor's downgraded the U.S. Government's credit rating from AAA to AA+, and already I've been forced to kill two people who tried to steal my food. And it could get worse! The agency says there's a one-in-three chance the U.S. will be downgraded again.
When you woke up this morning, did everything seem a little less... reliable? It did, didn't it? That's because credit ratings agency Standard & Poor's no longer regards the U.S. as a risk-free borrower, despite a $2 trillion error in its initial accounting.
Last year's financial collapse was made possible by the greed and incompetence of credit rating agencies, who got paid to lie about the value of subprime debt. It turns out they were responsible for the Goldman Sachs bailout, too.
