Conn.'s Sen. Blumenthal takes S&P to task over U.S. credit rating downgrade (Fake Nam Vet)

NewHaven Register.com ^ | August 08, 2011 | Mary E. O’Leary

[raybbr]

HARTFORD — U.S. Sen. Richard Blumenthal, D-Conn., Monday had some harsh words for Standards & Poor’s and said he has contacted federal agencies to see what steps can be taken to make sure it doesn’t continue to make errors in its analyses, including downgrading of U.S. securities.

On the day the stock market lost 634.76 points, three days after Standard & Poor’s rated long-term U.S. debt down one notch from AAA to AA+, Blumenthal basically said consider the source. “The downgrade is by Standard & Poor’s, which has completely surrendered, in my view, any claim to integrity,” he said. “They contributed to the fiscal crisis by giving AAA ratings to mortgage-backed bonds when they were, in fact, virtually worthless.”

[raybbr]

Beyond words. In colonial times a man of this character would be run out of town on a rail...

[FlyingEagle]

If S&P would be so bold as to tell the truth about the US, the debt would be rated “B”, same as Argentina. Actually Argentina is probably a better economy because the business men there know how to run a business plan based on weakening currency.

[Farmer Dean]

I don’t think he’ll be speaking at the VFW convention anytime soon......

[TRY ONE]

Isn't Sen. Blatherall, Conn.’s former Atty. General?

Sounds like another DemocRAT who doesn't know squat about financial matters!

[cripplecreek]

Beck shredded Blumenthal. How this man won an election is beyond me.

http://www.youtube.com/watch?v=vtLE4Z1kMdA&feature=player_embedded

[Col Frank Slade]

Running for Senate in a liberal blue state helps.

[muir_redwoods]

Blumen-liar ran against Linda McMahon a rino of WWE fame (Husband Vince) who ran a fairly laughable campaign. She wasn't that hard to beat.

Blumen-liar was caught out lying about being in VN several times and McMahon still couldn't beat him.

[Col Frank Slade]

Yes I remember.

[Zeppo]

“The downgrade is by Standard & Poor’s, which has completely surrendered, in my view, any claim to integrity,” he said.

Well, if you were looking for someone who had first-hand experience in surrendering any claim to integrity, Richard Blumenthal certainly would be a prime candidate...

[Gene Eric]

The more these jackasses talk the worse it gets.

[RetiredTexasVet]

First the libs say the ratings don’t matter. Then they say that the calculations were wrong. Then they say to charge them with some made up crime (calling Eric “the bigot” Holder) and have them arrested. These are the same people who vilified them back in the housing flop and drop for not doing their job and being harsh enough in rating. Sounds like the loser libs have started to lose some of their investment money caused by their own scams gone awry.

[Lonesome in Massachussets]

I WAS ONLY KIDDING, DICK!

[Lonesome in Massachussets]

He has the backing of Michael Moore and that's good enough for me!