Geitner dared say they forgot a formula in the calculation and they need to redo it so we get back to AAA. Ah, fat chance of that, like they are going to listen to him.
In other words, it’s a tacit admission of playing with formulas to look good at this point in time.
S&P heard Geitner blame defaulting on his taxes because of a software error, and, having none of his lameness, they reconsidered after Geitner's pleas and downgraded our rating, nevertheless.