iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Krugman: “The S&P is Just Making Things Up”

He took them to task.

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8 comments

  1. NWO club,you're not invited
    NWO club,you're not invited

    This world is something else. I can’t take the Dem-Repub theatre anymore. The housing bubble was all about greed and it happened,but it shouldn’t have gotten us to this place. This country’s push for globalism has gone way too far. We should have been out of Afgahnistan years ago. We’re holding prisoners on an island for almost a decade now with no trials,thats not even American. We’re letting companies move overseas and taking jobs that will never come back.

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  2. Yogi & Boo Boo

    Well apparently we can add S&P to the list of innumerates, as if we didn’t already know this. S&P made a 2 Trillion Dollar error, overstating US debt. Treasury notified them within the hour. (NY times) S&P just changed the number and released the number anyways. Can ANYONE explain to me why these people are still in business? We’re talking a two Trilion Dollar error in a 14 Trillion Dollar number. LOL, I can’t wait for the congressional hearings to start. I guess nobody at Treasury saw the invoice from S&P to get the AAA rating.

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  3. drummerboy

    lawrence o’donnell was on the teevee with lester holt saying the same thing.that SnP got it all wrong….. and @nwo lets just say,lawyers and insurance companies have ruined this country.not the working man……….no offense to any of you lawyers that are ibc’er’s

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  4. Brzezinski

    Maybe if you folks stopped trusting the mainstream media as a source for your history, you would know something worthwhile and stop posting useless rants.

    Hint: Keynes and White created the World Bank. Both of these men were known communists. As is Zbigniew Brzezinski.

    In August 2007, Brzezinski endorsed Democratic presidential candidate Barack Obama. He stated that Obama “recognizes that the challenge is a new face, a new sense of direction, a new definition of America’s role in the world.” Also saying, “What makes Obama attractive to me is that he understands that we live in a very different world where we have to relate to a variety of cultures and people.” In September 2007 during a speech on the Iraq war, Obama introduced Brzezinski as “one of our most outstanding thinkers.”

    Brzezinski has served as Obama’s foreign policy advisor.

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    • drummerboy

      oh so your a socialist? then tell me that obama and the russian are’nt creaming their jeans over the wisconsin state fair.it’s mother fuckers like you that make me want to carry a concealed weapon. race wars,and culture. is that another “bill ayers” or van jones thang. when the culling begins,it wont be for the faint of heart.

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    • ChangeDaChannel

      http://www.youtube.com/watch?v=2-06tpoDBKU

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  5. Yabollox

    He’s correct about this stuff:

    “”The people who rated subprime-backed securities are now declaring that they are the judges of fiscal policy? Really?””
    “”it turns out that S&P got the math wrong by $2 trillion, and after much discussion conceded the point — then went ahead with the downgrade.””
    “”In short, S&P is just making stuff up — and after the mortgage debacle, they really don’t have that right.
    So this is an outrage — not because America is A-OK, but because these people are in no position to pass judgment.””

    He’s wrong about this: “”it is the madness of the right: if not for the extremism of anti-tax Republicans, we would have no trouble reaching an agreement that would ensure long-run solvency.””

    We can’t just keep running on debt forever.

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  6. NWO club,you're not invited
    NWO club,you're not invited

    Totally agee Yabo. @ Brezinski -hint: Obama is a facist,he is not a communist. One more thing,he’s not black,he’s 50% white,42% arabic and 8% african, That whole hip-hop bbq parties and happy kwanza greetings are little marketing ploys for the african americans to gravitate toward. ITS A GIMMICK. Just like when George Bush would be chopping wood in the middle of summer in a long sleeved shirt. Go ask the residents of Crawford,they’ll tell you real texans don’t do that either. ITS A GIMMICK.

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