Can someone refresh my memory here was it DB or Credit Suesse that downgraded the US and lowered our paper / credit rating.. Remember it was after that that the Fed started buying treasuries aka monetizing the debt..
RE: Can someone refresh my memory here was it DB or Credit Suesse that downgraded the US and lowered our paper / credit rating..
It was Standard & Poors.
See here (First paragraph of the article):
https://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades