Standard & Poor's President Resigns

The Wall Street Journal ^ | AUGUST 23, 2011 | JEANNETTE NEUMANN

[M. Thatcher]

Standard & Poor's President Deven Sharma is leaving the credit-rating firm at the end of the year, according to a person familiar with the matter.

The credit-rating firm plans to announce Mr. Sharma's exit on Tuesday before the markets open, the person said. Douglas Peterson, chief operating officer of Citigroup Inc.'s Citibank unit, will succeed Mr. Sharma on Sept. 12, that person said.

[allmost]

This isn’t good for anyone.

[the invisib1e hand]

Douglas Peterson, chief operating officer of Citigroup Inc.'s Citibank unit, will succeed Mr. Sharma on Sept. 12, that person said.

there, that's better. now you've got one of your own in there.

[dynachrome]

verrrrry interesting. He dissed our maximum leader by downgrading the US credit rating.

[FlingWingFlyer]

I take it that Peterson is one of Barry’s boys?

[the invisib1e hand]

This isn’t good for anyone.

It's good for Obama 2012.

[muawiyah]

Loser follows loser and S&P begins its short spiral down to corporate irrelevancy.

No old-tech publisher like McGraw-Hill can withstand the sort of lack of confidence a loose cannon like Sharma can create.

[dfwgator]

He caught the “Kremlin Flu.”

[Gene Eric]

“I don’t care if I’m a B+ President, I want my damn AAA rating back!”

[allmost]

Tell me how you see it. Looks like chavez in amerikka.

[exit82]

Now Barry won’t have that pesky S&P guy bothering his plans anymore.

The head of Moody’s just felt his sphincter pucker up.

[molson209]

IMF chief replaced , check

S&P chief replaced , almost check

[tcrlaf]

Another Triumph for Obamunist Fascism!
ALL HAIL THE MESSIAH!!!! (or else)

[edpc]

This reeks of Daley and Emmanuel.

[muawiyah]

Sharma made a really big mistake ~ Indian businessmen were still holding in there tight for Obama and constituted a serious political support group.

By downgrading Sharma brought the entirity of the Indian-American business community and their affiliates abroad under suspicion.

I think some of them pulled the plug on this guy.

[ProtectOurFreedom]

Sorry, Supreme Leader. We indeed goofed. To make up for it, we are going to give you the “Double Plus Good Quadruple A Rating.”

Now where’s my $100 million bonus?

[Aliska]

Yep, sounds like Sharma karma. Somebody put the heat on him.

[FlingWingFlyer]

Thanks for that information. That’s good stuff to know. I really don’t know much about S&P and the guys who run it.

[the invisib1e hand]

Looks like chavez in amerikka.

I was thinking more along the lines of Putin.

[tcrlaf]

“To make up for it, we are going to give you the “Double Plus Good Quadruple A Rating.””

And in other news from the regime:

The chocolate ration is increasing from 25 to 20 grams!