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Mc Mike

(9,111 posts)

3. They downgraded the gov's credit rating,

Reply to Ichingcarpenter (Original post)

Sun Sep 8, 2013, 09:17 AM

Sep 2013

which caused market uncertainty that threw the stock market for a loop,

which caused investors to take refuge from the financial storm

by buying government bonds,

which they had just adjudged less reliable.

Ponzi, con game, pyramid scheme. That's the stock system.

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Highlight:

S&P raises desperate defense against government lawsuit [View all] Ichingcarpenter Sep 2013 OP

S&P rates the world for austerity Greece Ichingcarpenter Sep 2013 #1

S&P's ratings were mere puffery like the old claim about Wonder Bread building strong bodies 12 ways Kolesar Sep 2013 #2

They downgraded the gov's credit rating, Mc Mike Sep 2013 #3