I wonder if the raters would cause that much trouble in the market without reason. “Deadlock” wouldn’t give them reason to downgrade us. Of course after a bad debt-ceiling rise, which is what we’ll probably get, is passed then they would have reason.
Obama was so courageous for holding out. That was his plan from the get go.
Has O ever put bondholders first?
Look at what he did to GM. I can completely see the big O trying to get away with shafting owners of government debt, and trying to pay off his favourites.