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'No risk' the US will lose its top credit rating, says Treasury's Geithner (Flashback!)
The Hill ^ | 8/5/11 | Michael O'Brien

Posted on 08/05/2011 6:47:47 PM PDT by Nachum

Treasury Secretary Tim Geithner said Tuesday there is "no risk" the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to "negative."

Geithner took to the airwaves of financial news networks to push back against a report Monday by Standard & Poor's that lowered its outlook on U.S. debt to "negative," reflecting political uncertainty over whether lawmakers will reach an agreement to address long-term debt.

(Excerpt) Read more at thehill.com ...


TOPICS: News/Current Events
KEYWORDS: bonds; credit; currency; dollar; economy; geithner; obamaliescreditdies; rating; treasurys
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To: TSgt

Hehehehe... tell them they need more cowbell!

http://www.youtube.com/watch?v=_Mie9hhQTUM


21 posted on 08/05/2011 7:04:36 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Shut up and pay your taxes, Timmy.


22 posted on 08/05/2011 7:06:37 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Nachum
Yes the cream scum keeps rising to the top in the DC land of the incompetents.
23 posted on 08/05/2011 7:27:06 PM PDT by tflabo ( to have been selected)
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To: Nachum

It’s George’s fault.... this one...

http://www.youtube.com/watch?v=L7yyah-j7b4


24 posted on 08/05/2011 7:28:52 PM PDT by tflabo ( to have been selected)
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To: Nachum
I'm reminded of Barney Frank assuring one and all that Fanny Mae was "fundamentally sound" not long before TSHTF.

The best one can say for Timmy and Barney is that they are clueless to developing events, if we take them at their word. I don't take them at their word. I'm increasingly convinced there is something more sinister afoot with these political elite progressives.

25 posted on 08/05/2011 7:37:39 PM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: Nachum
zerohedge said the same on tweeter.

@zerohedge zerohedge No S&P downgrade rumor 12 hours ago via TweetDeck

26 posted on 08/05/2011 7:57:21 PM PDT by Orange1998
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To: Nachum

Every single word from Geithner, Bernanke, Paulson and Greenspan was a lie. Every single word. They are paid lying shills hired to propagate the big lie that fits the coming socialist agenda. Every single word.


27 posted on 08/05/2011 8:16:07 PM PDT by Freedom_Is_Not_Free (SP12: They called Reagan "unelectable", too.)
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To: vox_freedom

Wow, Obama’s bus trip through the heartland should be interesting. What does he tell people?


28 posted on 08/05/2011 8:49:49 PM PDT by Mike Darancette (Obama, eat your GOPeas.)
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To: Nachum

People should be careful as to what they wish for. Geithner’s whole background is that of a man who can win trade and currency wars. Those trade and currency wars are inevitable. They’re going to happen.


29 posted on 08/05/2011 9:07:22 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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To: Mike Darancette
Wow, Obama’s bus trip through the heartland should be interesting. What does he tell people?

"Please stop pelting the bus with rocks and offal"

30 posted on 08/05/2011 9:23:37 PM PDT by Dr.Deth
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To: tflabo
Yes the cream scum keeps rising to the top in the DC land of the incompetents.

I hate to break it to you, but Giethner is the cream in Washington. That's how bad everything else is there.

31 posted on 08/05/2011 9:28:35 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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