Standard & Poor’s: Speaking of Bad Brands

(Community Matters) hmm, since Standard & Poor’s downgraded US debt – foreign deposits at the Fed have doubled from $350 billion to $715 billion and the dollar has appreciated 6.7%. Foreign demand for US assets continues to rise.

When they assigned a AAA to CDS’s, the world economy almost tanked. They are now holding municipalities hostage, raising fees at ridiculous rates. Talk about a bad brand . . .