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S&P Calculations in Possible US Downgrade Were Off by 'Trillions': Source (Story developing)
CNBC ^ | 8/5/2011

Posted on 08/05/2011 5:04:05 PM PDT by blueyon

No story yet...Just Breaking News TAG over at CNBC....


TOPICS: Government; Miscellaneous; News/Current Events; Politics/Elections
KEYWORDS: congress; downgrade; elections; inflation; obama; sprating; taxes
This does not sound good! Can you say I N F L A T I O N
1 posted on 08/05/2011 5:04:09 PM PDT by blueyon
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To: blueyon

Holy moley, hang on to your hats, this could be a rough ride depending on which way the ‘calculations’ were off.


2 posted on 08/05/2011 5:05:58 PM PDT by RowdyFFC
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To: blueyon

At some point the zeroes just blur together.


3 posted on 08/05/2011 5:07:10 PM PDT by skr (May God confound the enemy)
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To: blueyon

(Ha! My post has less ido than yours!)


4 posted on 08/05/2011 5:07:21 PM PDT by REDWOOD99 ("Earth first! We can log the other planets later")
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To: blueyon

Sounds like the OBAMA THUGS stepped in to persuade the S&P raters to “re-think their numbers.”


5 posted on 08/05/2011 5:50:05 PM PDT by jimbo123
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To: blueyon

The Fox crawl says it’s done. S&P has announced it.


6 posted on 08/05/2011 5:52:13 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: Terry Mross

Yes - it is done. That’s painful. Big treasury sell-off coming as funds whose rules say triple-A only are forced to liquidate...

Ouch.


7 posted on 08/05/2011 6:03:09 PM PDT by bolobaby
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To: blueyon
Did the RACISTS ask Ubama's permission first?

They're only doing this because he's black.

</sarcasm tag for the morons>

8 posted on 08/05/2011 6:04:21 PM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: E. Pluribus Unum
Did the RACISTS ask Ubama's permission first? They're only doing this because he's black.



9 posted on 08/05/2011 6:49:23 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: blueyon

...The hedgers and shortys are luvin it. Crash the market, Crash the market, MomoneyMomoney...


10 posted on 08/05/2011 6:54:50 PM PDT by gargoyle (...This looks like a good fight, deal me in...)
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