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Milford, IL | My concern is that very few are allowed to fail today. The slightest bit of pain and .gov rushes in with an aid program, both tribes in DC are guilty and I don't have any reason to think the party is about over.
Moodys didn't even have to drop the US sovereign debt rating from AAA to AA+, just mentioned that the outlook shifted from 'stable' to 'negative' and the white house swiftly criticizes Moodys as if Moodys is the problem...
IMO the credit rating needs to be closer to 'dumpster fire' than AAA but when you've got the money printing press AND the big guns anything goes I guess.
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Has the game changed?
